You don't know what you are talking about. I was a 16 year Novell employee and for two years worked very close to Ron. Nobody did more for Novell than Ron. He took over a distressed company in Novell and unfortunately, before the strategy could take off, a hedge fund destroyed the plans. The guy works 20 hour days, every day of the week. Nothing is more important to him than the company he leads. He stays up at nights, not sleeping because of his concern for Shareholders, Customers and Employees and wanting to do right by all three.
Do you think he does this for the money? Heck, he has plenty, even before Novell. He wants to win and that is his only motivation. He thinks IntraLinks is a company with great potential and he can turn it into the next billion dollar company. Instead of complaining, you should be celebrating. If you met the man, and knew the man, you would quickly realize you are wrong.
You watch how the Intralinks employees rally behind Ron.... He is a leader they can count on to work for them and do everything to make the company successful.
If what you say is true, then it is just desserts for Intralinks. It has been a long time coming. D'Amico's trick worked while they were a non public company, but under scrutiny of the SEC and the public, they have backfired on him. Hence, he early departure from the helm.
Only time will tell if Novlong is right or wrong? It's been my experience that IL's BoD has made some very poor decisions going back to 2000 when I was an senior management employee with IL. The best thing that IL has done was to go public to pay down the debt, however, how does that really build shareholder value? They put more money into Sales, yet their Technology is somewhat dated. They need new blood in business development and Product development as well instead of hiring admin positions and legal counsel to protect themselves from lawsuits. Hoving around $6 is just desserts, and losing a material client is also just desserts, goes to show how poor they are with managing Client Relationships. Kudos to IL, keep up the "great" work.