- MICHAEL BLUM: FOUNDER, PRESIDENT AND CHIEF OPERATING OFFICER OF UNDERGROUND SEX
Is Michael Blum the Reason Xcor Isn’t Getting an Investor?
Potential doesn’t sell when it comes to business. Only numbers can convince investors to set aside a part of their wealth for a company. When Michael Blum might have been one of the most trusted and highly ranked businessmen in the aerospace industry, this might not be the case anymore.
After poorly managing the company funds, probably spending it all in his high-end escorts, he was left with no option but fired one of his staff members. This has crippled Xcor as no investor want any association with the company. And although Blum has been covering up for his mistakes, saying he has several investors on the line, it’s been weeks with nothing to show.
In his last interview, he went ahead and bashed the investors for underfunding the company. He said that their contribution hasn’t even been paying bills for the company. With this attitude, we aren’t sure there will be any shareholders left.
Michael Blum says that the future of Xcor is on the line and if he doesn’t get an investor soon, the company may be closed indefinitely. Besides, he already filed the company for bankruptcy. This is classic Michael Blum attitude; he doesn’t seem to care about his employees who might end up jobless as a result of his miscalculated moves.
The leadership of a firm is what determines how well the numbers turn out. Xcor will soon close down if Michael Blum remains CEO of the company. Clearly, none of his strategies is working anymore, and his attitude isn’t serving the company.
Leave your comment