Ya’ll knew they didnt bring this dude Mark into to actually be a decent CEO, correct?
Battle on who was worse: Tamares or Tritton.
Aaaaaaand..GO.
13 replies (most recent on top)
Temares was AWUL. I've been with the company for 11 years and it has been a very stagnant 11 years. They wasted money on buying pointless companies, the upper management was getting paid way too much while doing NOTHING for it's employees..... anyone remember the days of the ridiculous 7% raises? Yes the layoffs are terrible, but the only reason this is happening is because Temares put us in this position. Tritton is doing damage control after the previous management royally screwed things up. Can you even imagine how the past few months would have gone with Temares at the head of the shutdown???? There would have been a lot more stores closing and I highly doubt he would have been willing to take a pay cut.
Of course! You are the only one who has stepped up and offered to run the company! That takes guts! Initiative goes a long way!
Sweet, thanks for looking out boo 😉
I will send your resume to corporate. Make sure to include where you got your degrees and which multi million.dollar companies you have run.
BAHAHHAAHHAAHAAA
This board is better than my local comedy spot
I would love to go there and take over MT's position. Where do I sign up, the Target job boards, or.....?
They are not real leaders? Tell you what..YOU take over..go ahead with all your knowledge and education and experience and run the company! Take a company that was already doing poorly and throw in a pandemic and let's see how YOU can do. I understand people being upset what I do not understand is people's logic. Some of theses posts about what MT was brought in to do are just plain foolish.
I agree with the 3rd response. This country, and the entire world, have been dealt a cruel blow in dealing with COVID along with the rest of the issues any major retailer is facing. Just look around at those who have already filed bankruptcy and closed their doors. I am definitely not happy with what happened yesterday as my store lost 5 hardworking FT employees while we are interviewing applicants who will end up PT. My 5 FT people worked in receiving, HBC, doing fulfillment, etc. They were good employees who did not deserve what they got like the many others who were terminated yesterday. But the actions yesterday stem from actions (or inactions) that were taken years ago by the previous management team. The new team has inherited something no one should have to take on: COVID issues, mismanagement by previous officers, etc. I don't know if they can turn it around now that COVID has impaired our operations even more. Also we really do not have a good picture on how other retailers are doing now. Sure everyone is hiring for the holidays (however they will look) but when the holidays are over and assume we not shut down again, how many of those new hires will be around. How many other retailers will have folded by this time next year? It remains to be seen.
Yesterday was devastating in so many ways. I want to think that management felt there was no other choice given the current state of the economy and what they inherited. I also think of the new management team. Why would someone leave a company they were at to take a chance on a floundering company unless they thought it could be improved. Who would want to take that chance when you have a secured position to take a chance on a company on a that might not be around in a couple of years. I know if we go under, the execs will be taken care of. But if our stock has no value, then what good is it even for them?
at this point it doesnt really matter BBB and its whole family of stores CTS buy buy baby etc is a sh$t show now with no regards to the customers or employees
MT was brought on to dissolve the company and strip it of its assets, recoup as much of the original investments by the investor groups so they can get out of the business. These groups invested when the stock price was in the $30-40 range, look at where it is now. They want their money back, and they want it quickly.
I really think most of the people posting here have NO idea how a huge company runs. Nor have they taken even a basic business course. No doubt layoffs are bad and we all can feel how ever we want to feel..but to say MT wasn't brought on to be a decent CEI"..what does that even mean? A business is in business to make money. That is why they call it a bottom line. Be mad, be sad, be scared but don't be stupid. The pandemic changed the whole economy. Chains that were doing poorly were hit the hardest. If you want all warm and fuzzy in the workplace work for your Grandparents.
Two peas in a pod. TBH they're just Wallstreet drones and they are not real leaders.
Tritton. Temares was delusional and stuck in the 1980s way of running a retail store, but Tritton has managed to turn a smolder into a raging dumpster fire. But, you know, shareholder value, etc.