#board

Good governance says companies need an independent Chairman of the Board to keep the leadership accountable.

Share price still falling, revenues down SLT terrible from the top to bottom, especially corporates. Not even in the top 3 legal AI, CoCounsel not had the right vision, stand alone product the trying to link it with everything, clients just not buying it literally. When wil the board step in and purge the lot of them?

Scott Sheffield of Pioneer wants to get a job as an ExxonMobil board member

https://www.federalregister.gov/documents/2025/04/17/2025-06562/petition-of-scott-sheffield-to-reopen-and-set-aside-order

GoPro announced a significant workforce reduction affecting 23% of its global staff. The action camera maker plans to eliminate 145 jobs from its 631 employees. This restructuring plan was approved by the company's Board of Directors on April 7. The cuts aim to reduce operating costs and drive stronger operating leverage. These job reductions are expected to be completed by the end of the year.

San Mateo, California

https://nypost.com/2026/04/08/us-news/bay-area-based-tech-company-announces-shocking-layoff-of-nearly-a-quarter-of-its-workforce/

SB being axed by the board was the final nail in the reinvention coffin. None of its architects or proponents are left in Xerox (JB,MG,SB, DMP). All gone. The street, analysts, investors, rating agencies and financial institutions have all voted with their feet. The board has finally done their job, but it’s 3 years too late. SB in his 4 years in charge missed every outlook or expectation he set. If he was a sales person or sales manager he would have been in a performance improvement plan after 2 quarters. Instead he continued to have the support of the board as the company kept draining its cash, reserves and future to keep returning funds to shareholders even when all the key metrics and results where going horribly wrong and missing plans and expectations every quarter. Now we have an untried, untested CEO who has never led a sales organisation but primary experience is legal and claim to fame is the proxy fight that stopped the Fuji merger that the board are now desperately trying to make. To put that into perspective when Fuji offered to buy Xerox they offered 40 dollars a share compared to the $1.26 a share now, let that sink in, and LP has been part of that from the beginning. The fact a legal guy is in charge should indicate to all the people still in the cult what the next steps are!!!!! We are in the endgame and none of those outcomes reinvent Xerox they consign it to the history books of what was once a trailblazer

I hold a small position in CVS. Tiny enough in relation to the rest of my portfolio that, to be frank, the entire company could be liquidated and I could care less. In fact I'd jump for joy.

But because I am a stockholder, I am eligible to vote in the annual meeting.

Here's how I am going to fill out my proxy card:

1. Directors: Vote against all of them.
2. Ratify the appointment of independent accounting firm: Vote against (of all questions, this probably matters the least, but voting against this sends a message)
3. Approve company executive compensation: Vote against (I don't care if they all end up in the poor house)
4. Approve the company's incentive compensation plan: Vote against (high level types covered by this plan are the ones driving CVS into the ground)
5. Stockholder proposal to reduce threshold to act by written consent: Vote for (goes against board recommendation, and why would anyone want less say in how CVS is run?)

It was only a matter of time before Penn State board realized that change was needed. Good luck to all of the employees across the bned psu operations.

Shareholder voting starts today.
Vote every single one of this board OUT

I was reading the WSJ about Elon Musk and found this interesting:

“For Musk, that (his management philosophy) means latching on to one or two existential issues and riding them week after week.

“I used to sit in those meetings, saying I’m pretty dang sure that our competitors’ CEOs are not sitting in these weekly engineering reviews and not driving their companies as fast,” McNeill said. “Therefore we’re compounding an advantage against them.”

This is one of our issues: the most senior leaders at PSX show little to no interest in the existential issues that result in our underperformance. And they certainly are not willing to sit through meetings to help ensure that the issues are being worked. In fact, they struggle to stay awake during 30 and 60 minute meetings on issues of performance and ensuring priorities are being worked. Instead, they spend time having dinner with investors and the board.

What if the board had chosen a qualified ceo instead of BDB?

The Layoff used to have a board dedicated to Elavon, I do not see that anymore. Anyone know if it still exists or if it's been replaced?

The high number of RIFs and poorly run ‘transfer to contractor’ (a clear RIF later but without severance) are both obvious signs of a company about to collapse.
I blame the board and I blame senior management for letting it get this bad.
The share price will continue to fall because the company itself is failing. This last ditch effort only hastens the final failure and inevitable sale.
And I for one shall not mourn the demise.
I can only hope that it makes the architects as bankrupt monetarily as they are morally.

Paula Price and General Reimer are off the Board of Directors and Christopher Quick (from Capital Management Board) is now on the Board. Not sure of the significance. I have not seen a press release to explain.

I never met Ms, Price, but the General was very smart. They were both in charge though when the damage was done.

He’s so obsessed, and wasting millions

Over the past year, I have made dozens of posts on The Layoff with ways our company needs to improve. Even though there has been some progress, it is not enough. Disastrous decisions have caused me my retiree health care and froze my pension. I’ve been underpaid for years as many other employees have been. Meanwhile, an inept overpaid Board and high flying Executive VPs and RVPs have benefitted quite nicely. It’s ALL about them. It’s a well orchestrated Ponzi Scheme. I am sick of this place and it has made me ill. I wish all of you the best and in a few weeks it will be my last day after 20 plus years. Time to spend the end of days with my grandbabies and good riddance to Mutual of America.

Let's see...

• no clear vision
• no real leadership
• no accountability
• bloated executive suite
• failure to keep products moving forward
• no real R&D or innovation
• brain drain

And we are getting rid of MORE workers to fix the sinking ship? When it was the leadership's responsibility to get us ahead? So if they aren't responsible for anything, why are they here again? Let us make the decisions instead, that way if I'm going to be fired it'll be my fault.

And we are divesting as well. So what has been the real purpose of acquiring so much tech? The board members have made these decisions all from long ago until now. Did they finally give up? I stand to argue that none of them know what they're doing and they have no real business sense, they got lucky with some acquires and with their poor business skills have failed to keep momentum going forward.

We were on the right track to fire Mark but we forgot to get rid of the puppeteer, Mr. Tom Jenkins himself along with the board members who have been making these poor decisions after poor decisions since it all started. But that's impossible because ALL the board members are incompetent, and there's no one above. So it's game over.

The final cherry on this cake (truly an insult to us all) is that we hired an executive failure from BlackBerry to take over as the master puppet. Tom Jenkin's hand can reach all the way through and it still won't make a difference.

This is really fascinating and funny to watch evolve in real time. The funnier part is that we have/had the tech to be great. Despite what many of you say about our products being "cr-ppy" which is merely a symptom of bad leadership, we had the chance many times to take it to the next level and instead we sat our as--s down draining whatever life was left of these products until they started to crumble. And then they have the audacity to sp-t in our faces for these failures.

I am truly sorry to everyone who has been and will be affected. The economy is not great, and some of us need our jobs more than ever. You have been failed by corporate toddlers, you deserve better.

As for the corporate toddlers, go back to business school and this time don't skip classes.

As many reiterate Dan was on the board for a number of years before being put in control. The question is why now? Who was responsible for holding him back or was it several on the board? Who has recently departed the board? Maybe those or that individual? Overall it is a shame it took so long as can be seen by his quick actions once CEO. Will Dan take out whoever else kept him back?

Now leaner and meaner VZ is ready to soar. It has been many years now but the board finally is addressing their failures. Why they waited so long is puzzling.

i asked a question about board pay and influence the other day & all questions are dodged by executive management. Why is it such a secret to no to disclose board pay. The CEO came in wanting to be transparent but he dodged my question. That is not acceptable. You call us cowards for not asking questions but once we do, you schuck and jive, bob and weave, and dismiss. Is this anyway to respect employees who have every right in the world to why such an incompetent and inept board got paid handsomely, and stood by and did absolutely nothing why the walls were caving in.

The board should have a vote of no confidence in MF

Board numbers are being reduced https://www.reuters.com/sustainability/sustainable-finance-reporting/outgoing-bp-chief-auchincloss-earned-53-million-pounds-2025-2026-03-06/

They could probably reduce the board further but at least this is a start!

I understand ‘getting it out of your system’ and informing the masses but beyond that, put this board aside forever and move on. The more you come here to rant, the more Citi is living inside your head rent free, still siphoning off your life, energy and time.
Rant and rant like a mo-o but once done, set this site aside and put Citi in the rear view mirror forever.

Ge-z, what will it take for the board to act?

https://www.bloomberg.com/news/articles/2026-03-02/sap-reorganizes-board-as-ceo-klein-to-focus-on-developing-ai

to sc--w stockholders. 13 % price drop in 5 days. You defenders will say market economics are to blame, nonsense! If they had built the franchise and gotten the stock to a level it should be this would be a blip, it is not. Remember PNC as a regional competitor close to us has grown and more than doubled their share price last 5 years. I wonder if there’s any angst in the C suite or by this Board? Probably not.

Sounds like the board and SB are expecting some sort of financial difficulties from now to 6 to 8 months from now. Just what I got from those announcements/buttering us up.

He has done such a great job at Ford, he has been anointed into the BoD at McDonalds.

The guy is a "1" performer.

BILLIONS and BILLIONS of losses in the last few years with this EV bullsh-t and what? Here at Ford, its nothing but applause.

Rivalry Corp., an esports and traditional sports betting company, announced a large-scale reduction in its workforce. Reports indicate that all staff currently under contract were laid off. This Canadian company has experienced an extended period of volatility and underperformance. Its stock, trading as RVLY on the TSXV exchange, has lost over 99% of its value. The board of directors is now evaluating strategic alternatives to stay afloat.

https://www.dust2.us/news/70686/esports-sportsbook-rivalry-announces-mass-layoffs-as-company-weighs-options-to-stay-afloat

in the AHM he talked about the stock price and talked about how QC won't ever get you instant gratification. What the f is he talking about? It's been 5 years and the stock hasn't moved. Sure, it's oscillated up and down, but if we don't have ESPP or RSUs to sell it's useless.

I am going to start emailing the board to point them to all the anonymous threads showing the employees hate this leadership.

What is going on in Jacksonville, more layoffs? Board on site?

What I find comical is when someone tries to give people the heads up on this board and its often met with heckling and jeering. When the day comes shortly thereafter…..it gets all serious. The hecklers disappear and can’t be found, most undoubtedly combing the emails, group chats and personal texts to see if “it” is coming their way.

what is your red line regarding CC and V performance that would cause you to say, ok, now we have to act?

Water fountain rumors are that GoGo and Southernland have been meeting with outside legal teams negotiating an acquisition of P66. Anybody have any insight?
Watching the stock trades of the ELT and Board definitely makes one wonder if there might be some validity to the rumors…

Board approved Mikes request to remove employee engagement results from a compensation calculation for SOC. But enjoy bigger bonuses funded by layoffs

With the release of the E files, ya'll know, I'm not about to type any more details than that...

I have to ask. Has anyone searched through our current BoD? Leadership Chain? Or priors who've left? I think we would all love to know the company is at least clean of that... if not much else.

There are currently proxy statements out, vote to get rid of this board. Vote for the ability for shareholders to force meetings (2nd to last question on the proxy)

What do you all think of Mikes email this morning that he won't won't serve as chairman after his term is up? I got to believe that the rest of the board and Ammit wanted it that way. Maybe paving the way for a sale?

Anybody else find it ironic that there are no Indians on the Board of Directors of a company that has over half of the Engineering workforce being Indian?

https://www.cummins.com/company/leadership

Decline in value 3 consecutive days. Time to let the board activists drive real change - let’s get on with accelerating the next two chapters for gods sake.

Does the board face any legal risk given that they haven't acted in the best interest of the company?