Fun for the day: what is now the ratio of VP or C-level executives to non-executive staff at Prosper?
It's starting to look mighty top-heavy over there for an upstart that's been hemorrhaging money for many years now.
I keep thinking of this movie line
Teldar Paper, Mr. Cromwell, Teldar Paper has 33 different vice presidents each earning over 200 thousand dollars a year. Now, I have spent the last two months analyzing what all these guys do, and I still can't figure it out. One thing I do know is that our paper company lost 110 million dollars last year, and I'll bet that half of that was spent in all the paperwork going back and forth between all these vice presidents.