American management at its financialized worst, in the theme of taking formerly strong companies like IBM and GE, and looting and slowly killing them. Kind of like organized crime skimming off the top and gutting formerly good companies.
From one extreme to another for the folks who remember ADP-DS. Former ADP-DS execs were just riding the wave with sugar daddy ADP paying the bills. They all bailed when DS was sold as CDK.
Annenen must be laughing his arse off while sipping drinks on the beach. Same for the former Cobalt founder. They left a bunch of fat to cut, but the current crop of hacks and looters in exec management (and their Accenture buddies) have no clue what the business is or how to run it. Good luck to the remaining employees and customers. They don't know it or care, but they're running an experiment to see how "sticky" CDK customers really are.