If ION buys your company it is very bad news!
Pros
Being bought by ION is great motivation to get your CV updated.
Cons
ION is terrible. truly awful. I am used to good corporate governance, a degree of managerial independence and a culture that supports and nurtures employees. Since we were acquired by ION, there has been a brutal round of redundancies (with abysmal payouts for those involved), recruitment freeze, pay freeze, non-payment of bonuses, centralisation of all decision-making in the hands of one man (the CEO personally approves all hires and all purchase orders... or rather, he lets them sit on his desk until they become defunkt), with non-existent internal communication about any of the changes, and a culture of living in fear about what the next awful change for the worse might be. And that has all led to a marked deterioration in company morale as you might expect - and a flight of all our best, most talented and most experienced staff. Where they are being replaced it is only by offshoring those jobs to India. Andrea Pignataro is a shark. He buys companies only to provide leverage for his next purchase, maximising the dividends he takes out of the company. He treats staff contemptuously, and we exist only as a means for his enrichment. Avoid.
