The end of Shai Agassi's one-man show

A host of factors led to the surprising ouster of Better Place CEO Shai Agassi, including huge outlays, missed deadlines, poor personal relations and lack of managerial ability.

By Shuki Sadeh and Hagai Amit | 04:33 12.10.12 |

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Shuki Sadeh

Hagai Amit

The business world has very organized protocols for what happens when a CEO is pushed out. First, the owner calls the CEO in for a talk, and they reach a quiet understanding that the CEO will announce - ostensibly of his own initiative - that he has exhausted the job's potential and is embarking on new ventures. Afterward, the company issues a formal announcement thanking him for his services and...

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Better Place's business model never made sense from the get go
- By EV Industry Insider
- 13 Oct 2012
- 05:00AM
In an age where battery charging ranges are approaching 150 km and projected to reach 400-500 km in a few years, who is going to need Better Place's cumbersome and expensive battery swapping scheme? And if already destined to become obsolete, who would want to fund the company's elaborate infrastructure to begin with? In short, Better Place was always a stock promotion instead of a real business that made sense. Israeli and other investors fell for Agassi's hype and are now bound to lose hundreds of millions of dollars. Accordingly, the company's unfolding heralds good news for the EV (Electric Vehicle) Industry as a whole. This is because, while Better Place falsely presented itself as an EV technology leader, its unworkable scheme kept giving the whole EV Industry a bad name!
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