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Exec Calls to increase "voluntary turnover" on "leadership development" call

Was anyone else listening in on the Leadership Development call on Tuesday? Things were going as expected, until the final comments when the male leader suggested that the way to increase our revenue per employee is to encourage people to leave voluntarily. Did anyone else catch that? Seemed like they said the quiet part out loud


And away we go...

"On September 16, 2026, Adam L. Rosman resigned as Chief Administrative Officer and Chief Legal Officer of Fiserv, Inc. (the “Company”), effective September 30, 2026. Eric C. Nelson, the Company’s current General Counsel and Secretary, will succeed Mr. Rosman as Chief Legal Officer on October 1, 2026."


When does it end?

Many believe that the board/HY has a medium term headcount goal, a specific number to which they'd like to reduce the domestic internal employee numbers to. If so, what's your guess? I think it's around 120k. Basically two more years of downsizing. Sometime around 2030 the current regime bails with huge golden parachutes and a real team of executive leaders is brought in to grow the business.


Don’t Blame Finance. Blame the Executive Team That Created This Disaster

Finance Layoffs??? Why be mad at Finance? Seriously. They can only play the shell game for so long before the truth catches up. If leadership is failing, if the products are failing, if sales is failing, that’s not on Finance. Finance didn’t create this mess. They just finally stopped covering it up.

Firing Finance?
For what , telling the Executive Team the truth?
Finance didn’t make the decision to jack up pricing across the catalog. They only executed what they were instructed to do by the same people who have been making bone‑headed decisions for years.

And if anyone wants proof of how reckless these price hikes are, go look at the actual numbers:

Pride Foundations of Business MindTap:
• 2024: $80
• 2025: $105
• 2026: $160 depending on the option
• As high as $214 if you choose the MindTap with Mike Bikes SmartSims — a repurposed relic that should’ve been retired years ago.

Intro to Psychology MindTap:
• 2024: $80
• 2025: $105
• 2026: $127

Sellnow Comm MindTap:
• 2024: $52
• 2025: $58
• 2026: $105

These aren’t strategic increases.
These are panic‑driven revenue patches designed to cover massive losses the Executive Team doesn’t want employees or Apollo , to see.

And the pattern is obvious:
The biggest price hikes landed exactly where Cengage has the most volume and the most market share. That’s not coincidence. That’s volume‑based revenue manipulation.

Meanwhile, leadership shoved all existing business into the hands of Customer Success , a team already drowning , and then rolled out these price hikes in August, when schools were closed and faculty were on summer break.

Who risks their entire installed base like that?
Who gambles the business that pays the bills?
Who destabilizes the only revenue stream keeping the company alive?

Only an Executive Team that is completely disconnected from Higher Ed and obsessed with forcing numbers to look good for an IPO.

Apollo cannot possibly think this is acceptable.
You don’t increase revenue by punishing existing customers.
You increase revenue by winning business, not by pricing your way into a retention crisis.

Finance didn’t cause this.
Finance didn’t design this.
Finance didn’t push this.

Finance just stopped hiding it.
And now leadership is scrambling because the truth finally broke through the shell game


Promotions

There is a plan being carried out to reduce promotions. Be ready to be offered only lateral moves at best or be given additional responsibilities with no CL promotion.

The target is to reduce CL 28+ 50% by 2030 and even more by 2033 through retirements, attrition, and PIPing.

Executives are exempt from these rules and will continue being promoted.

Technical Career Ladder employees are doomed.


Too Much

The company is packing too much negativity into too small a time frame, continuous impacts of layoffs and PIPs coupled with failing projects, executive hubris and nitpicking cuts. The untouchable exec class are failing and it's the peasants that take the hit over and over again. XOM is heading towards a cliff edge.


Executives Invest Heavily Post-Layoffs

Uber's CEO and COO have collectively invested approximately $15 million in company stock. This significant purchase occurred shortly after the company announced substantial layoffs. The executives' actions signal strong confidence in Uber's future strategy. These buys represent the largest insider stock acquisition in the past year. The investment comes as Uber focuses on streamlining operations and expanding its robo-taxi division.

San Francisco, California

https://finance.biggo.com/news/b82520a7-f1ee-4e7a-ad99-1ded12d75a3f


Roberto Jacobo Isaias Zanatta, Executive Vice President Dumps Nearly 40,000 Shares After an 18% One-Year Decline in the Stock

https://finance.yahoo.com/markets/stocks/articles/mattel-executive-dumps-nearly-40-212237190.html

Roberto Jacobo Isaias Zanatta, Executive Vice President and Chief Supply Chain Officer of Mattel, Inc. (NASDAQ:MAT), sold 39,083 shares on August 31, 2026, according to a recent SEC Form 4 filing.


New store level leadership changes coming

Oh boy wait until yall see. The rumors on here are true. Manager cutbacks at the store level to align with reseller ops. October announcement. Obviously they are preparing for a total divesting within a few years. No wonder executive
Leadership is all moving out of retail.


Is the executive revolving door at Centene a sign of the end, or just a major pivot?

With so many executives leaving, it's hard not to wonder is Centene on its last legs, or is the company just going through a brutal restructuring?

Now we have a new CFO coming in from outside the healthcare industry. Will bringing in non-healthcare financial leadership turn the ship around, or will the steep learning curve just drive us further down?

Honest thoughts? Starting to get really worried about where we’re heading. :/


Did anyone notice?

The WARN notice for the WA layoffs came out of Overland Park. I don't think Ive ever seen that in the 20 years I worked at corporate. Official notices and high level items always came out of Newport. Shows how much the culture has changed, executive functions are originating out of Kansas City.


Insane

I’ve never seen a CEO completely ruin a company faster than Clay has managed to. Gives up the board and exec team. Doesn’t address the massive pay discrepancy between the two companies when the better performing company is the one being underpaid, and now he lets the only Exec with brains/ba--s walk in Raines.


17 Products Up For Sale?

There was a post on the r/IBM Reddit page this morning that has since been removed by the executive team's flying monkeys. The post discussed 17 products being sold by IBM to Persistent and didn't go into further detail as the person who posted it was worried about being outed. Has anyone else heard this rumor?


Is the L3Harris scandal about to hit 3M and Bill Brown?

Some interesting chatter is coming out of Florida this week.

Word on the street is that the independent investigation into ousted L3Harris CEO Chris Kubasik isn’t just looking at his recent behavior. Apparently, investigators are digging into old HR complaints from 2021-2022 to see who else knew what was going on.

As most of you know, 3M CEO Bill Brown was the Chairman of L3Harris back then and engineered the merger with Kubasik. The rumor going around internal circles is that some senior executives are worried paper trails or emails might surface showing that Brown was warned about Kubasik's conduct years ago.

Read here in the Wall Street Journal: https://www.wsj.com/business/women-at-l3harris-shared-concerns-about-ceos-behavior-years-before-ouster-966010ab

Not good for 3M if true. I hope it's not true.


Footwear Executive Joins Wolverine

Ryan Drew, formerly of Under Armour's Curry Brand, has accepted a new position at Wolverine World Wide Inc. He will serve as the chief product officer for the company's Work Group. This division encompasses several well-known footwear brands designed for demanding jobs. Drew brings extensive experience from his previous roles in footwear marketing and global product development. His move signifies a significant shift in his career within the athletic and workwear industries.

Baltimore, Maryland

https://www.bizjournals.com/baltimore/news/2026/05/07/8-things-to-know-under-armour-ryan-drew-wolverine.html


Corporate Buzzwords Don’t Pay the Mortgage

"Anthropic is hiring an “Insider Risk Investigator” to investigate employees, conduct sensitive interviews, analyze internal logs, and look for insider threats." the CEO is worried the younger generation works for money instead of the company’s ‘mission.’ He’s right I always use ExxonMobil’s corporate buzzwords and statements to pay bills. The mission is for employees; the paycheck is for executives.


Structural cost savings but no ability to execute now

The upstream has been gutted. We are staffed for copy and past Guyana and copy and paste Permian. With the Horizon challenge nothing is copy and paste now. Executives baffled why everything isn’t like Guyana and Permian. Endless effort being expended to hold their hands and explain to them why everything isn’t not as easy as Permian and Guyana. Sadly they aren’t smart enough to understand so just keep yelling at the teams to find a way.


Consent Order Lifting? Maybe, Maybe Not ...

The lifting of consent order on Citibank by the OCC and the Federal Reserve this year is not quite a sure thing.

That "90%" complete line from the C suite is more about checking the boxes and implementing controls, not actually achieving clean data.