Thread regarding Lowe's Cos. layoffs

Ellison Is A Hedge Fund Puppet

Ellison has created nothing since he took over July 2018. All he has done is cut, close, and terminate employees. He has surrounded himself with his cronies from Penny's/Depot and dispatched good, tenured Lowe's employees. He has no vision except to copy Depot, which will be his undoing and failure. Where's the innovation, the creativity, the difference to bring shoppers into Lowe's. I'll tell you, there is none! The marketplace doesn't want or need a Depot clone with a red vest. With nearly 20 years with Lowes it saddens me to see him very rapidly dismantling and destroying this company.

Remember, Lowe's was NOT a failing company losing money when Ellison took over.

by
| 1771 views | | 9 replies (last January 5, 2019) | Reply
Post ID: @OP+WXugkVZ

9 replies (most recent on top)

Facts: The reason that we are in a situation of making these changes is due to bad business decisions of past leadership. The activists got tired of the same quarterly earnings script read back to everyone about how we were addressing "issues" but still no quantitative results for the shareholders. Passive past leadership led to the play book that we are seeing now.

None of us run the Company. If you wish to not be part of the CHANGE, then you should leave. Your choice. Marvin is not the problem. Hold the mirror where it should face. The reflection that you will see is your image of the problem. It lies in your perception of reality, which is blaming this new team for having to come in and make so many changes early in their tenure here.

The truth is that we all have choices. Choose to support or get off of the bus.

by
| | Reply
Post ID: @1fmu+WXugkVZ

$150 stock price !!!!!!! :)))))))

by
| | Reply
Post ID: @1zvl+WXugkVZ

Hey guys, it's me Marvin. It's great to be wif you today. I'd like to take the time to tell you all that all I know how to do is cut important jobs. If I cut enough payroll, I'll catch up with Depot. Shares will be at $150 & DE Shaw will be happy. I'll eventually cut FT if I can't get the stock up. I mean, I just don't know any other way to make money, & cutting payroll is the easiest. You'll all see a huge increase in shrink by the way, but I'll just cut more people to make up for that.

See you next week & God Bless!

by
| | Reply
Post ID: @1caj+WXugkVZ

Lol. Really everyone ??? Depot has been kicking our a-- for what ?? Like 9 years ???? So we should just do things the same way ?? Keep the same leadership ?? Lowe’s makes a lot of money but 100% truth is we make much less than depot on a store by store comparison. Just the facts. You might not like to hear it but what we have done for 5 10 20 years is no longer working and we have to change or depot will continue to beat us down.

by
| | Reply
Post ID: @1wfn+WXugkVZ

Don’t forget Bill Ackman and Pershing Capital. DE Shaw has been a long time major stakeholder. I see Ackman calling the shots and owning Marvin.

by
| | Reply
Post ID: @juk+WXugkVZ

Well said brother!!!! His real employer is DE Shaw let’s make that clear. The only business he knows is making money for top shareholders.

by
| | Reply
Post ID: @rjh+WXugkVZ

It’s pretty clear now why he was passed over for ceo when he was at HD.

by
| | Reply
Post ID: @bpi+WXugkVZ

Everybody complained about Niblock and Damron. Look at the bunch we got now. You know what they say, be careful what you wish for.

by
| | Reply
Post ID: @msc+WXugkVZ

I basically agree with you, I've got 11 years in. Were not expanding or growing like HD or Menards is. Don't make sense to me. The computer systems are worse now then when he took over.

by
| | Reply
Post ID: @etm+WXugkVZ

Post a reply

: