Former 10-year Vistage Chair Glen Hellman loved coaching, but after Vistage was acquired by Private Equity Firm Towerbrook Capital, he lost his passion for Vistage. So he waited out his non-compete and then started a new Peer Group Advisory Company called Driven Forward.
According to Glen:
Tower Brook Partners took a controlling interest in Vistage and everything changed. The company focus went from an emphasis on the art of coaching to the business of coaching. Education dollars seemed diverted from creating a better Vistage Coach to creating a Vistage Salesperson, from educating coaches to sales and marketing training. The focus shifted to recruiting new chairs and starting new groups at the cost of delivering better product.
Read Glen’s Article on why He Quit Vistage and how his new company, Driven Forward, has improved the Peer Group experience.