Disorganized, Unprofessional C-Level executives and Lack of Commitment, Smart Non-Executive team - Anonymous employee Auction.com Employee Review

Revolving door. There have been more than 10 Senior level exists (C-Level, EVP, SVP and VP) over the last year. Two Chief Legal Officers, Chief Operating Officer, Chief Financial Officer, Chief HR Officer, Chief Operations Officer, at least 4 EVP's, more than 5 SVP's and innumerable VP's have left (mostly) or let go. The company has a interesting business model. However, it is not like the business model cannot be replicated. The only thing going for them is that they are the first entrant to this field (online mortgage sales). Client base is eroding. They are heavily focused on Default asset disposition and with the volume of distressed assets winding down, they don't have a long term focus on non-distressed real estate.