CFO feels like Taylor Swift - CEO can’t contain his fake optimism - CRO has started to talk about how market conditions and “one off” instances have affected ASV. Get some “facts” and quit the posturing! Take a good hard look at how decision making from previous years and reorgs is impacting current performance where several larger competitors are accelerating more meaningfully than FDS. Large contribution to margin is savings from the bonus pool despite the fact that employees are underpaid in many regions? And the choice was to reduce cost by laying off seasoned employees in excess? Showcases the actual culture of FactSet!
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All I heard was “we cut comp and bonus to invest in technology, but we’re not sure if we hit bottom yet”. For the first time in years I’m no longer participating in the ESPP as I’m seeing long term value loss for short term growth.