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Comment by nazca

David Marcus is perhaps the poster child for failing up. He started a mobile payments company that was acquired by PayPal. The product was later discontinued and generated no value for PayPal.

He ended up as the PayPal CEO. IMHO as a PP employee at the time, he was clearly out of his depth in that job. It was abundantly clear he did not have the toolkit to run a large complex business. He then left abruptly to join facebook.

At Facebook he started this thing that did nothing but burn money and generate negative headlines.

If there was a metric that was the value created for the companies you work for vs. the money you personally earned I think his would be an outlier.

parent nazca 4 years ago

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