Pros
Equator Financial Solutions started as REOTrans with a great vision and a great business model. They started with three people from the financial industry and built the company into a multi-million dollar company in just a few years.
Cons
Unfortunately, vision and a great business model does not make a great company to work for. You also need good management, which is something Chris Saitta does not know how to provide. Example: Equator had a verbal, not written, agreement with one of the biggest financial institutions in the country. The lead on the project was "the first employee" of the company, really just a programmer. This guy didn't have a clue how to manage the project. Saitta never got a written agreement, but spent a huge amount of effort working on this project over a year. In the end, the company lost the account. Everyone associated with the project was fired or forced out, except for "the first employee". This is a classic case of "reward the guilty, punish the innocent". In addition, there is quite a bit of nepotism, with family members and family friends taking most of the good management positions and all the good salaries. Competency is not considered as a factor in these cases.