It seems like the same pattrn plays out at co after co. Head honchos spend heavily on the latest strategy, acquisition, transformation or tech, then a year or two later decides costs are too high and headcount needs to come down. Peons are told the cuts are necessary for efficiency, competitivness or shareholder value. Meanwhile exec comp keeps ballooning and the people who made the original decisions rarely suffer the consequences when those decisions don't work out. Maybe that's the real problem. The people deciding where to spend the money are often the same people deciding who pays the price when the spending doesnt produce the expected results.
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@a6 take me thru what didn't work, in detail please. Whats key is how would you have done things differently, driving a major high tech company, while still creating value for shareholders? Net is that value is what's its about, like it or not. I really want to hear. Kidding, you don't know the first thing about running a Wendys let alone a major corp...Your feelings were hurt at some point, Dell was so darn mean to me, they didn't know how important I was....aww shucks Margaret. but time heals all wounds. Be well and stay laser focused as you launch your next tech venture. Be amazing, your cat, ex wife and mom can't wait. Counting on you cause 10s of thousands of people need the money and benefits..Thank you in advance
- Sincerely the 20 also angry ex Dell enployees that can't stay off this site :-)
@cd At whose expense?
You have to realize from an investor standpoint, Dell leadership look like geniuses.
Stock is up almost 300% this year. Almost 1000% over five years.
People just looking at the charts must think this is a fantastic company.
Now, perhaps this is all short term gain and will be devastating in the long run… But that’s not what Wall Street cares about. Wall Street cares about right now today.
And right now today, Dell is doing great.
Dell has been changing its corporate strategy every six months for over ten years or more.
The difference now is BAIN's latest strategy is to artificially pump up the stock by laying more and more people off.
How long do you think that strategy will last?
It didn't work.
Someone has to pay!
I know...fire the workers blame it on them!