Why do so many people believe that the pivotal event was Feb 14, 2023 or Dec 2022 when the bonus was announced? 😲
Many jumped up on anyone in Feb 2022 who pointed out the bubble was going to burst. Leadership gambled on the Subscription game to use as leverage to Inflate Value of Company and Sell and make Avaya someone else's problem. But they ran out of time. They got greedy. Should have sold and not held out for more market cap growth. Bad Gamble.
The final nail in the coffin was lying to the 🦈💲🦈 Loan Sharks🦈💲🦈 during their hail-Mary bridge loan. The loan sharks 🦈morphed into Apollo through the lend-to-own switcheroo and the rest is history!
The failure of Avaya is NOT related to Alan Masarek. Did he allow hot air evangelizing to fight with with anyone who could see the obvious that made Avaya look way worse? Absolutely. Did he allow the silly "Look here/Not there" marketing/PR/Paid off Analysts game to go on too long? Absolutely. It was bad form and humiliating.
However. Have you noticed next to NO BS Analyst planted stories lately? I believe they have finally realized that nothing is better than that C-R-A-P of a lazy PR Spin.
As Bill Murray received total consciousness from the Dali Lama in his story in Caddy Shack "So I got that goin' for me, which is nice ". At least we now have no more cheap seats paid off publications or planted pieces, so we have that going for us. That's a positive step forward.
Bottom line. AM didn't pull a rug out from under you. YOU chose to ignore the obvious. YOU chose to not read the facts and the tea leaves and analyze the business.
And why do you all think that ignoring the facts will suddenly enable you to rebuild the false bubble land that Avaya was living from 2017-2022?