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Patriarch Partners Reviews

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2.0
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Lynn Tilton
14 Ratings

22 Employee Reviews

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  1. Helpful (3)

    "hopefully better days ahead"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Cook and Bottle Washer in New York, NY
    Former Employee - Assistant Cook and Bottle Washer in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    you will develop nerves of steel working here, or be too burnt out to care

    Cons

    job security shaky, hours intensive, insecure colleagues can be a handful, some great people there

    Advice to Management

    onward and upward!


  2. Helpful (6)

    "graveyard for business"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Patriarch Partners full-time

    Pros

    The people you meet and work with in the operating units can be as good (or bad) as in any other company. I met a lot of good ones.

    Cons

    Read the prior 2015 reviews for April, October and November. They are dead on and not isolated cases. Unfortunately, the warnings will probably not be heeded by applicants. This isn't a PE company turning around failing businesses. This is a fund management company that sucks the lifeblood out of the operating companies for interest and fees. Things started changing only a bit after the lawsuits took hold but it's like putting make-up on a pig.

    Advice to Management

    None. The narcissist and other former colleagues are joined at the neck.

  3. Helpful (7)

    "Desperation only"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    I have been working at Patriarch Partners full-time

    Pros

    I cannot think of anything to write here other than in the right hands, there is potential.

    Cons

    What a mess. Almost every brand in its portfolio is under-funded and minutes away from closing doors. There is no future with any of the Patriarch Partner brands. Run, don't walk from the group..

    Advice to Management

    Remove Ms. Tilton from any involvement what-so-ever.


  4. Helpful (8)

    "Send her to jail"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Patriarch Partners full-time (More than 3 years)

    Pros

    Good group of CEOs running the companies but belittled, threatened and being taken advantage of day in and day out.

    Cons

    She regularly steals from the companies she owns and steals from the CEOs as well. She hires some good people to run the businesses and then cheats, steals and takes more fees than she deserves. She thinks that because she is wealthy and capable of engaging tol law firms, she could care less about a former CEO trying to sue her for money or ownership interest that is owed to them. The lowest, amd most discussing of people. She should be in jail for fraud, robbery and illegal tampering of stockholders interests. Go SEC, go investors, go former CEOs. You all deserve to take her down

    Advice to Management

    Run away. Do not assume you will get fair treatment. Hold on to your integrity. You will not get severance and you will ultimately feel that you reached a low point in your life.


  5. Helpful (11)

    "Worst Environment Imaginable"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Patriarch Partners full-time (More than 3 years)

    Pros

    Difficult to ascribe pros. I suppose company co-workers have developed tremendous, meaningful relationships in the way soldiers in trenches or patients in tuberculosis clinics might. It is such a horrible, dysfunctional environment wherein we cling to one another to validate our sanity. Beyond the work environment, none of the leadership has any idea how to run a business. Even their questions are embarrassing.

    Cons

    Where would I even begin? It would be easy to call the owner/CEO names, but beyond her volatility, unprofessionalism and demeaning condescension, she is classless, unpredictable and the most egomaniacal person I’ve ever known – and I am no stranger to corporations or egos.

    Worse than her personality, however, is her complete lack of business acumen. You may wonder how she came to be successful and wealthy, but it had more to do with law suits and salesmanship than it did her ability to manage a business. She truly has no idea what she’s doing in nearly every respect, surrounding herself with pedigreed yes-men whose primary skill set is sycophancy. These “management teams” are beyond pitiful, where the ability to suck-up supersedes any potential contribution to the Patriarch companies they are supposed to support. Truly, these minions are the hallmark of meaninglessness in a micro-managed, dying company. As a hiring agent, if you ever see a resume from someone in a leadership role at Patriarch Partners, avoid them like the plague. Having an empty chair would produce greater results than management from a Patriarch alumnus. Frankly, I could deal with her ego if she wasn’t so bad at running a business. Still, her mania does something to you far beyond what you would imagine. If you think you are tough and thick-skinned and this review must be written by a newbie or a soft shell, think again. Patriarch is a grinding, poisonous, festering lesion, populated (at the highest levels) by men and women who aren’t very bright, but insist they are. Somewhere inside them, however, they must know they aren’t the sharpest tools in the shed, because they continue to suffer her abuse as cowards and water carriers, instead of actually proving themselves elsewhere.

    Advice to Management

    Advice to top tier: Please quit and go sell coffee somewhere before you ruin the other companies in the portfolio. Leave the portfolios to better manage themselves. Truly, you have delusions of grandeur when you are mediocre at best. In normal organizations you wouldn’t last a month. Advice to partner company management: Get out.


  6. Helpful (2)

    "Unique"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Patriarch Partners part-time (More than a year)

    Pros

    Great business vision statement and mission statements. Dust to diamonds and saving American manufacturing operations are noble and lofty goals. The "Clarion in Call" in the NY times was epic.

    Cons

    Extreme drive for EBITDA trumps vision and mission statements. Work life balance was marginalized Even day to day activity is frenetic and exigent is word of the day.


  7. Helpful (3)

    "CONFIDENTIAL"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Confidential in New York, NY
    Former Employee - Confidential in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Good people working for the CEO

    Cons

    CEO is very difficult as in "out of touch".

    Advice to Management

    Not sure

  8. Helpful (2)

    "The ultimate meritocracy"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Patriarch Partners full-time

    Pros

    Very intense environment. Most people don't have the determination, perseverance and thick skin it takes to survive. She is a polarizing figure but in you have the opportunity to work on several complex investments where I felt I had true ownership.

    Cons

    Very intense environment. Hours are very long.


  9. Helpful (3)

    "Current Employee's Views"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at Patriarch Partners full-time (More than a year)

    Pros

    Highly competitive salary, higher than market for similar positions
    When bonuses are paid, they are generous
    Small environment, co-workers are a great group of people,intelligent, funny, hard workers-you make friends fast
    If you are one degree away, the environment is not as stressful

    Cons

    Long hours and face-time required
    Annual bonus payment timeline is at sole discretion of Executive but it is a discretionary bonus
    Stressful work environment at times


  10. Helpful (12)

    "Even though I was warned about how awful the job would be nothing could compare to the horrid reality of working here."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Patriarch Partners full-time

    Pros

    A few of the higher ups are genuinely nice people.
    The salary was highly competitive.
    Benefits kick in on day one.

    Cons

    The reality of the culture and environment at Patriarch Partners makes the press that they and Tilton receive seem like a tame understatement.
    Whole company operates like a vanity project for the CEO who treats her employees in an abusive and unprofessional fashion. This in turn creates bad morale, insecurity and instability among the staff.
    Coarse, offensive, sexist language is regularly used, as is language of an overt sexual nature which doesn't seem to be frowned upon as long as it's directed downward from the top.
    Tilton seems to derive her own energy from squeezing the life out of her talent, expecting them to regularly work 12-15 hour days and be on-call via email and cell 24 hours a day/seven days a week.
    Weekends and off hours are not respected. The same applies to holidays.
    Benefits could be much better for such a small firm managing billions of dollars.
    Sadly, I could keep going but I'll conclude by saying that Patriarch Partners is simply one woman run amok and drunk with power and only those who serve her obediently and without question (and eventually without a spine)...or else.

    Advice to Management

    Unfortunately I fear that any advice would fall on deaf ears since everyone there is well aware of what the problem is and if you got rid of the problem then there would be no CEO and no Patriarch Partners.


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