Pros
Private equity-owned business attempting to create a North American player in the lithium battery space and then sell the business. The company is acquiring a mix of profitable and bankrupt businesses and trying to combine them, while also aiming for some organic growth in its electrification division in Henderson, NV.
Cons
Good ideas are lost because the management team struggles to execute. These guys are so inept that they will mess up boiling water. Management resorts to intimidation and name-calling instead of effective leadership. There are no goals, objectives, targets, or KPIs. No metrics. Instead, the goal is to make it through the day by overcoming chaos with hope that the business will somehow succeed. There are lots of rash and financially poor decisions. Most of the executive staff have little or no technical expertise, with one notable executive claiming an engineering degree he never obtained. The company frequently advertises “existing” products that are not designed or not in production. The CEO, who is behind this deceptive effort, drinks daily on the job to help him get through the day, while most other executives owe their positions to being his drinking pals. Salaries are on the lower end of the spectrum, and the 401(k) is likely the worst in the industry. Executives prefer hiring unqualified personal friends who are given a better benefits package than regular employees, creating animosity in the workforce. Turnover is huge in every department!
