Nov. 25 at 8:30 PM
$SNCR AI GENERATED - PART 2 - Stephen Waldis’s continued role at Synchronoss illustrates the downside of founder dominance in a public company: entrenched leadership, weak governance, regulatory trouble, and shareholder losses. It’s precisely the scenario where institutional investors often consider activism, proxy fights, or governance reforms to restore accountability. Why This Fits the Founder-Led Negative Pattern
Resistance to Accountability: Despite poor performance and SEC sanctions, Waldis has not stepped aside.
Misalignment with Shareholders: Decisions like partial asset sales were seen as protecting management rather than maximizing shareholder value.
Declining Post-IPO Performance: Synchronoss thrived early but collapsed once public market pressures and compliance demands mounted.
Board Capture: As founder, Waldis shaped the board composition, making it harder for investors to push for change. NOTHING HAS CHANGED! NOTHING WILL CHANGE UNTIL STEPHEN WALDIS IS GONE!!!
