I was DOD for years. I'll be the first to tell you that most consultants are overpaid and as useful as tits on a boar. Was it the OP - Cohen - linking BCG to WWF and StC? I'm just confused about the post and insinuation.
Cohen linked the two in various tweets over the past few days. SuperStonk has been going nuts looking into the connections. It seems that BCG is brought in as a consulting group for a lot of companies. They get paid an exorbitant amount of money, then recommend that the company brings in new leadership on its board. The new board members get paid a mint. Companies often take out loans to do so. And then the board drives the companies into the ground. The whole while, Citadel and other bad boys are shorting those companies, and the BCG consultants are working for Citadel on the side- a lot of them end up with cushy jobs at Citadel after they're done tanking their clients' companies.
It's a real mess. Apparently, GameStop brought in BCG before Cohen was there. There is a lawsuit where BCG is suing GME for not paying their bill. Cohen's gag-order is up, so he's lighting those predatory assholes up on Twitter. Apparently the same thing has happened to numerous big companies that have been shorted out of existence, like Toys R Us.
Cohen had tweeted about BCG multiple times this week because they are suing him for not attending "mandatory" meetings with them. He said he refuses to pay them and they're messing with the wrong company. Then he tweeted the children and animals tweet today.
I was DOD for years. I'll be the first to tell you that most consultants are overpaid and as useful as tits on a boar. Was it the OP - Cohen - linking BCG to WWF and StC? I'm just confused about the post and insinuation.
Cohen linked the two in various tweets over the past few days. SuperStonk has been going nuts looking into the connections. It seems that BCG is brought in as a consulting group for a lot of companies. They get paid an exorbitant amount of money, then recommend that the company brings in new leadership on its board. The new board members get paid a mint. Companies often take out loans to do so. And then the board drives the companies into the ground. The whole while, Citadel and other bad boys are shorting those companies, and the BCG consultants are working for Citadel on the side- a lot of them end up with cushy jobs at Citadel after they're done tanking their clients' companies.
It's a real mess. Apparently, GameStop brought in BCG before Cohen was there. There is a lawsuit where BCG is suing GME for not paying their bill. Cohen's gag-order is up, so he's lighting those predatory assholes up on Twitter. Apparently the same thing has happened to numerous big companies that have been shorted out of existence, like Toys R Us.
This right here ☝️. Nice summary.
Thank you!
Excellent synopsis!
Cohen had tweeted about BCG multiple times this week because they are suing him for not attending "mandatory" meetings with them. He said he refuses to pay them and they're messing with the wrong company. Then he tweeted the children and animals tweet today.
Interesting