Stephen E. Arnold: Palantir Desperate for an Exit?

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Stephen E. Arnold

Palantir: Planning Ahead

I read “In Amended Filing, Palantir Admits It Won’t Have Independent Board Governance for Up to a Year.” The legal tap dancing is semi-interesting. Palantir wants money and control. I understand that motive. The company — despite its sudden interest in becoming a cowboy — has Silicon Valley roots.

Observations:

  1. The resubmission suggests carelessness and flawed management processes
  2. The action raises the question, “Are these Silicon Valley cowboys getting desperate for an exit?”
  3. For a low profile outfit engaged in secret work for some of its clients, public actions increase the scrutiny on a company which after a decade and a half is not profitable.

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