Reminds me of Navteq digital mapping Co that went public...it was known for the same greedy problem and failed to thrive...investors alway check for this I was told by one of my bosses. I worked for a group of lawyers at the time. I was trying to get them to invest because I thought it was a good deal, I had friends who worked there. Navteq was one of the first digital mapping companies. There no sharing profits with employees when they went public, sure employees received some stocks, but the payout was pitiful and embarrassingly small compared to top executives stock holdings..

I've seen this happen so many times working for companies that go public, it's text book. The top execs are replaced when the co goes public with those who know how to harvest and dump the company when the profits are in their silo!