I do not work at ADS, but I own stock and I'm concerned executive management does not know what they are doing. After the stock has fallen from 312 to 105 the CEO and leadership should be fired and replaced. The board of directors should demand it immediately.
I also hear they are still bringing in management rejects from JPM Chase, like that would help.
Let's not act like MM crashed the ship in a few months here. This has been coming for awhile, EH saw the writing on the wall and bolted. Reorgs, Client Bankruptcies, Bangalore, the Epsilon sale..there have been many signs that this was coming.
Im curious what the perception of ADS is from a stockholder that I assume bought in when things were soaring. I read a great article a few years back from a market analyst that spelled out a feeling that I had that ADS essentially were spinning themselves to be a Tech Company which was causing investors to overvalue them in comparison to how a credit card lender would be valued (much different risk portfolios). Investors have seemed to catch on with this and with Epsilon gone there really shouldn't be any questions about the business model.
They should have gotten rid of MM instead of the 300 people who deserved and needed the job.
I think if they don’t get rid of MM now she’s going to destroy ADS. She’s all show & even though I don’t know her I had no respect for her when she came to the Plano office spouting her BS.
The board of directors made a huge mistake in letting EH go. Since the new CEO has taken over the company has gone downhill & morale is at an all time low.
It’s true. My current director is from Chase and is implementing Chase structures. It’s horrible. This company used to be awesome under Ed. Now not so much.
The very fact that the stock had that much of a drop should answer all of your questions right there. They replaced EH with MM, and she's made quite an impact at ADS. She's all show, no substance. I wouldn't be surprised if they fire her and claims she 'wasn't having a positive impact on the company' in a few more months. After she's done cleaning house. With a sweet payout. Then they'll bring in a new CEO who will be viewed as the company savior, blaming the past upper admin for all the layoffs, and working hard to convince us that things will now be different. And ADS employees will eat the new CEO up, so thankful to be rid of MM, and won't even realize, she served her purpose perfectly.
The CEO was effectively replaced in Q2 2019