Talking of grand claims we couldn’t help noticing a press release about a new recruit at Lux Research who “served as CEO of the wholly-owned subsidiary of QinetiQ Group plc, a leading international defense and security technology company with more than $1 billion in annual revenues.”
What the press release fails to mention is that Joe was only CEO of Qinetiq Nanomaterials for 6 months, and that QNL which was founded some three and a half years ago is a very small subsidiary of a “company with more than $1 billion in annual revenues.”
Still, its no worse than what we see on most CVs and the experience of running a small subsidiary while the parent company has a billion dollar IPO must be invaluable, if not unique.