The new policies introduced by CFO Subramaniam in last 6 months have dented company's revenue massively.
His decisions will show results in long term, but in short term they are incurring losses. In the last investor meeting held with peak xv and softbank, this is the question investors were putting-
1. Why the personal distribution policy of educators was implemented without concrete plan in place?
2. Why growth declined in some of the most profit making businesses?
3. Why were educators being paid heavily without including S&M cost and Tech cost to their revenue?
4. Why suddenly there was a mass dropout of existing educators who were helping in driving revenue?
Good or for Bad, investors feel that decisions lacked ownership and growth intent.
Peak xv and softbank decided to replace CFO with their internal finance consultant, likely Jai Decosta.
What is your take on the decision?
