Is the margin reduction for reinvestment in employees, hiring, comp, or product development? The change in the vesting schedule is not significant. It would be prudent to reinvest in junior employees, new hires, engineers given the recent pressures... — read more
Bravo CRO - Another Year, Another Messy Sales Org
Halfway through the quarter, and surprise! Nothing has changed. The team of unqualified leaders continues to expertly guide the regions straight into confusion. The Head of Asia is still “getting up to speed” - an impressive 1.5yr onboarding... — read more
Legacy. Positive and Negative
What is PS legacy. Here are a few PLC ELT SBU DEI Deep Sector Cloud CUSIP Hiring Success Stock/Shareholder performance
$246.5 million down the toilet
An all-cash deal to buy an OMS nobody’s even heard of. Most of their marquee clients have already walked. The president of LB was quietly shown the door, and there’s still no real leadership in place. How on earth did none of these red flags come up... — read more
When does board get replaced or fired?
YTD, 5 year, 10 year returns in abolute percentage. Fds. -40. -12. +77 Msci - 7 +60. +840 SPGI. -2. +32. +450 SP500. +14. +100. +250
Stock Tanking & CFO Growth Strategy: Cutting Mobile for Employees
Another brilliant move from Helen, our CFO. Never a thought for the employees or the long term growth of the company but just endless rounds of redundancies, reorganisations, cost cutting, and not this: scrapping company mobile phones and instead... — read more
Earnings out next week
Disaster or outperform ?
The Sanoke Era Begins
As Phil scuffles into the sunset, leaving the company as weak as it's ever been, welcome Sanoke. Welcome to a company struggling with bad leadership, no strategy, and unfocused product decisions. Organizationally a mess and one reorg away from a... — read more
COO out at Baron?
Is that just a rumor?
Who is Sanoke
Based on the document you provided, Sanoke Viswanathan has the potential to be a great leader at FactSet, but there are significant risks and conditions that will determine his success. Reasons Why Sanoke Can Be a Great Leader at FactSet: 1... — read more
Stock sinking
Stock price goes only one direction for the past month, and hasn't really changed in years. What's going on lately apart from Phil departure?
What took so long to fire CEO
fds up 2% over last 2 years and 3% over last 5. And the BOD finally woke up? If they had only read this blog, they would have done it much sooner. Well done to the posters who told it like it is.
CUSIP Case
is it still going on? That guy who writes on linked in has been quiet. Wonder if it’s settled. I’m sure the new ceo would rather it be done before he joins. And I’m sure current ceo would rather they hold off so a settlement isn’t on his watch. — read more
Earnings Report Monday
Predictions good/bad/ugly ?
Yet another reorg is hardly news
We’ve mastered them, without seeing anything good come out of them. Bad, yes. Let’s hope this one, happening in a different context, actually brings some improvements. A real change this time, one with actual substance. And brains.
Liberation Day in Americas - Finally!
Thank you sincerely to HR and the CRO for listening to employees and doing the right thing for both the region and the company. This is a great step toward restoring the culture and performance we've missed over the past several years. You will soon... — read more
Here Comes Another Reorg!
The Chemist continues to experiment.
Head of Americas Sales did it again! Asset Owner Mess
Not entirely sure how we are still letting someone with a 4-5yr losing streak call the shots in Americas. In any normal organization, a halfway decent leader/HR would have fired her after all of the mess in the last couple of years just out of... — read more
Earnings tomorrow
Should be interesting to see if any of the sky is falling predictions are true
Letter to Helen Shan
Dear Helen, Thank you for visiting our office. I noticed you looked visibly happier. I didn’t have the heart to ask this during the town hall, yet I believe you’ll get this through your Marketing team or HRBP gossip. How do you manage your... — read more
Problems in APAC
All of the comments are about places outside of Asia Pacific. But the real problems are in Asia because there has been no strong leaderships for long time. The last CRO one left a gift departing with selecting the head of the region who has little... — read more
Marketing Team & Sales Operations in RCS
As we continue to feel the pressure from clients and constantly look for ways to manage costs in RCS, have you considered reviewing the productivity of the marketing and sales operations teams? Cost cutting always seems to hit client solutions and... — read more
RR vs PS
What leverage does RR have on PS that PS hasn’t fired RR yet? Remember when RR was supposed to move to London but didn’t? Remember when RR wanted to help his friend FF by bringing him back under the SBU? RR hasn’t produced any meaningful... — read more
Great acquisition today!
Huge for the Sell Side business
CUSIP
it’s getting close
3 Day RTO - Mondays
Fu--ing seriously? Mondays?? No exemption for distance? So I can go in another day after a 1.5 hour commute to shoot the sh-t and get distracted? Fu--s sake man
Change to our “values”
I guess FDS no longer values diversity or at least doesn’t want to go on record as such. In its FACTS values online the word diversity was conspicuously removed from our Always Inclusive value. Irrespective of how you feel about this change, it is... — read more
Head of America sales (aka Head of Holiday Parties)
Stunning to see head of sales in America attending all holiday parties for each office. However hardly to see her going client meetings. Shame if we ever see a change in sales after what HS did there for couple of yrs. You get what you get when... — read more
Ridiculous workload
This past year has been a nightmare when it comes to workload. So many are gone that we're stuck doing an absurd amount of work. I barely have a life outside of it anymore. Complaining doesn't help, since the usual response is "be grateful you still... — read more
Layoffs?
Heard that there were only quiet ones after year end. Not firm wide large percentage
Just view job here as a temporary arrangement
There’s almost zero opportunity for career advancement. Management is incompetent and rude. Company seems directionless. Everything exists in the service of leadership. You can be laid off anytime. Don’t make me even start on reorgs. I stopped caring... — read more
ELT Comp uptick vs. Employees Flat
Look at proxy published today - rubbish performance by company and ELT meanwhile they all got raises including Helen/CFO/CRO. I am not certain how she got salary increase + stock/options annnnnnd made more than last year. Employees got zero to... — read more
Another exec out
Here we go again. CIO out who was vocal about change and fixing things. Guarantee new CIO will be a lifetime FSer with no vision and will keep things archaic. It is so sad what is happening here. There is so much potential but this leadership is... — read more
Height of hypocrisy
Let’s look at what’s happening: ELT is dumping stocks (making millions) 50 random employees are asked to go to LasVegas as an incentive trip (flying premium economy) There is no pay-rise, non existent bonus, frozen t&e, no replacement... — read more
Oops they did it again!
Heard about the #crazyshitheardatFDS post which called out on some hilarious statements made by HR and Sales Leadership. Can’t see it now. The consolation for those that posted on the thread, what you had to say was read! Although they took the easy... — read more
It is not what you know at FactSet but who you know
The old school FactSet guards are the issue here. They are all stuck in the 80’s and have no desire to look at any new ideas or changes - they know best. You have to either agree with them or be punished via comp bc their buddies will get the higher... — read more