#board

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?

We are all just pawns in this RTO bs game designed to make people so miserable they quit while also propping up real estate portfolios of black rock, Stankeys overlords. He has no original thoughts or ideas. He just does as he’s told to do, and the board is complicit. This company is just about dead, and Stank is the most commonly hated CEO in the world. Nobody believes in him. He’s proven time and time again that he is nothing but a loser with his buy high sell low tactics. He’s burned billions and needs to be held accountable.

MOC CFO replaced after just 2 years! Atleast it’s nice to see our competitors actually keeping their leadership accountable!

L3Harris had several rounds of layoffs this year, to artificially inflate their stock price, to ensure that the Board Members got their bonuses. I find it very interesting, now that the bonus checks have been mailed out, that L3Harris is hiring again. Coincidence? You be the judge.

I am a former trustee and graduate of Johnson & Wales University (class of 1973). I served as a trustee for over seven years and during that time worked to be a proper fiduciary of the university. I applaud your June 23 article “The Rise and Fall of Johnson & Wales University.” The article fully captures my personal frustration with university leadership, most significantly Chancellor Mim L. Runey.

As a first-generation college graduate, I also established an endowed scholarship in my family’s name to benefit students coming from a background similar to mine, who are looking to get into a finance/business-professional role.

When I resigned my role as trustee and chair of the academic subcommittee a couple months ago, it came as a result of frustration not only about moving the academic needle and managing my endowed scholarship but about the loss of over 30 established academic leaders over the years. These leaders were not included in the recent staff/faculty terminations mentioned. These academic leaders were brought in to build and develop key programs not part of Culinary. Most lasted a year or more and then suddenly were no longer part of the university.

The root of the problem at Johnson & Wales is Chancellor Runey. People are afraid to challenge her for fear of retaliation and dismissal. Her friends thrive, but many are just afraid to challenge and speak up for fear of being ostracized. Many of these people have gone on to other colleges and universities to build very innovative programs. Just look at the recent promotion of Joe Greene to president. I have great respect for Joe in his financial leadership. But for Joe, JWU would have collapsed years ago. My point is that the university at the board’s direction should have used the opportunity to build an effective bench with some new talent who could possibly serve as a replacement for Chancellor Runey. The time for fresh talent and ideas is now.

It is a shame that proud graduates, like myself, are watching the collapse of what was a fine institution. The university led culinary arts for many years, only to then fall to a distant second or further behind the Culinary Institute of America and to two-year institutions popping up all over the country. They lost their way and bet it all on one-dimensional education, favoring Culinary and Hospitality. They have all but abandoned the very foundation of their business, education.

This is my first external outreach. I have written several letters expressing these issues to the board chair and vice chair but receive little if any response.

Thank you for caring enough to write this piece. We all hope that the university can find its way, but each day I become less and less certain they will without bold moves.

• Philip Renaud, Johnson & Wales University, Class of 1973

Goldman Sachs found that layoffs now lead to stock price losses. Will the board learn from this?

https://fortune.com/2025/12/25/goldman-sachs-research-ceos-layoffs-stock-price/

And please, dear trolls: stay away.

The people who could actually make a difference are the ones being let go, while executives keep making the same mistakes and rewarding themselves. The board should be stepping in, but it feels like no one’s paying attention. It’s exhausting to watch a company with so much potential get mishandled over and over.

New year predictions…?

• Wael runs away
• the board finally reins Wael in
• Wael’s plans for more decimation of the company stop
• We do an about face and start acquiring other businesses
• We decide to only become a trading business like Vitol
• Wael finally takes a bet

Place your bets!

Bill and his Board of Bandits continue to throw things against the wall hoping something will stick to get share price up.

He likes to hire cheap Indian labor. Good Luck Americans. You are going to need it!

No

I received an email, same as all you, asking for ideas. A similar email was sent by Hans. I also gave sincere feedback during Pulse. Multiple submissions in Ideas at Work.

For over a decade, I have tenured ideas. Also for over a decade, I have cautioned leadership regarding the clear missteps that they were making. It was tempered at first, but was amplified when Hans was hired. There were many red flags.

"The plan will be presented to the board for them to approve.". Yes, that's how corporations work. Hans did the same, and how did that work out? The signs of the impending failure were obvious.

So the root of the issue are those that do the hiring of the CEO. The board needs flipped.

Annual sales declines of 2.6% for the past five years show its products and services struggled to connect with the market

Earnings per share decreased by more than the revenue over the last five years, showing each sale was less profitable

8× net-debt-to-EBITDA ratio shows it’s overleveraged and increases the probability of shareholder dilution if things turn unexpectedly

When do the Board declare no confidence in them ?

Hi friends. I have it on good authority that layoffs are confirmed for early 1Q 2026 immediately following the holidays. My source said the board recently signed off on the plan of “execution”. Also a major topic of discussion was to relocate the HQ back to Spring TX due to quality of hires found in Oklahoma. This was a similar strategy of our former company, Southwest Energy said they could hire much better Engineers from A&M and the land people from Okie were non consequential hires basically. Although this appears to be a long term plan for Expand after the dust settles from this 25% layoff. I’ll keep this forum updated with more news and stuff. Happy Holidays, y’all!