After firing CEO, REA Group reports…

substantial growth:

  • Revenues were up 45% to $155.6 million
  • EBITDA was up 56% to $36.6 million.

I was recently alerted to Simon Baker’s business blog, My CEO Life, that is just awesome in terms of insight.   Most relevantly, his post from a few weeks ago talks about the day he was fired as the CEO of the REA Group:

“Now last week i was summonded to a hotel room in town, asked for my access pass and told not to go back to the office and that my desk would be packed up and couriered to me – 7.5 years over in a flash.  I was not to say goodbye to the team…”

I had dinner with Simon in San Francisco last month and, not surprisingly, I didn’t catch any hint of what was to come.   Nonetheless, anyone who has ever hung out with Simon knows he’s loaded with personality, so it will be fascinating to see what he does next!

Simon Baker Leaving REA Group

My guess is that to more than a few of us, Simon is the face of REA Group, so it’s quite a shock to hear that he is leaving.

However, I must say that it occured to me that he might be leaving when I noticed he started collecting “recommendations” on LinkedIn recently…  He went from just a handful of recommendations to 45 in just a few days!   Quite an inspiration.