Thread regarding Follett layoffs

Ray is all about stock price to get his CEO incentives.

CEO typically has a 3 year contract with big incentives. Ray is coming up on 3 years.

Crystal clear that his incentives are all about share price and one time profit end of this year. Selling out everything to hit profit goals and drive stock price up temporarily. Funding his retirement. Probably worth upper 6 figures to him.

LTI has even been eliminated to keep from diluting share price. Zero long term thinking, just Ray and his own incentives. Be transparent Ray. Tell the employees what you are really going to make at the expense of employees and long term company health.

by Anonymous
| 1241 views | | 5 replies (last January 7, 2017) | Reply
Post ID: @OP+KYZdB6h
Comment! It's anonymous!

5 replies (most recent on top)

Whew, I thought BHAG meant dragging Carol to meetings. Yeah bring that old B, uhm hag.

by Anonymous
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Post ID: @glku+KYZdB6h

Ray's start date was May 4, 2015, he is coming up on two years.

by Anonymous
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Post ID: @fsyk+KYZdB6h

The current executives are users, liars, and not leaders. They all need to be Fired and replaced. Tim is the only only one with a brain!

by Anonymous
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Post ID: @fxwx+KYZdB6h

At the last town hall Ray talked about his BHAG. BHAG=maximize retirement at any costs to employees.

by Anonymous
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Post ID: @1daf+KYZdB6h

It's not to hard to see that the whole "executive suite" is in it just for themselves. Again, hitting your numbers at the expense of your team is not a sign of success. There is a long way to go and very little hope that this leadership team can pull it off.

by Anonymous
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Post ID: @mtn+KYZdB6h

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