#acquisitions

We cant handle a new CEO and all that comes with that.

Keep an eye on the 8-K filings OpenText must file with the security exchange as a publicly traded company. Any changes which can impact investors have to be publicly available. The various 8-Ks will start pointing out changes around selling off products as well.

Last week or so 8-K are around comp changes for the interim CEO. In addition to his existing salary, he gets another 50K+ in cash every month and he is eligible for up to 100% of his salary in variable comp for FY26 and he now has an added target equity of $281k in shares.

Meanwhile, our customers are asking who the heck is steering the ship and WFRs are being aligned as part of slimming business units for sale.

Each acquisition’s “plata-o-plomo” execution style has sabotaged any innovation for years. From VPs to Directors, and Directors to ICs, the only things that matter are ‘whom you know’ and ‘how long.’ Perks and positions are dolled out for being obedient to bosses and indifferent to subordinates. Arrogance and incompetence at each layer earn additional equity grants.
All he-l breaks loose when these cartels are compelled to navigate together overlapping territories—wireless, wireline, and now cloud. The manner in which power games are played could easily put Madellin, Cali, and the Norte-del Cartel to shame. Hunger Games are always ON amongst power centers of the East Coast, Valley, and Seattle. Play here is not to innovate and develop revenue-generating products but for cartels to siphon off as much as possible, as long as possible, before shifting blame to another cartel for failures.
Cartel bosses had infested low-cost offices like India with mediocre ‘yes men’ in key positions long before acquisitions. That rot runs deep now; these places provide an endless supply of cheap peddlers ready to be exploited—one goes here, many are available there.
Cross-functional Sales, marketing, and product teams are busy circling musical chairs, anxious for the music to pause. With every pause comes a new DJ and fewer chairs. How ridiculous is it to gloat about one’s outfit-dress color in an AH event? 2K+ employees had to listen to that cr-p live.
Fellow ex-compatriots, if you must continue there, stay invisible—stay low, and try not to get caught in cartel shootouts, for they will never end. Good luck, and Godspeed!

Alvind reminds me of Jack Welch. Acquire companies and pay way too much , then reduce headcount due to overpaying .

GE Went from making appliances to becoming a bloated financial services company then becoming a shell of its former self

Alvind is doing these acquisitions and the balance sheet is artificially pumped up

Investors don’t care about acquisitions, they want reduced headcount due count and they have their puppet Krabanaugh to do that so that S0B can get a bloated 100 million perk package

I see new manager roles that have two to four roles that report up to them. Is this because Hess staff are coming in and not in scope in round 2?

I am really worried about what joining Cenovus means for our jobs. Will there be layoffs or restructuring? The uncertainty is stressful.

The board has been working with a financial company for a year behind the scenes to prepare any and all parts or the whole for sale. Mark had FY25 to stop the bleed but also, simultaneously, start positioning business units to be lean and attractive to buyers .

Today's call was clear as stated by the board member that they have been working with FIN analysts and will continue to do so.

The fact is that a significant amount of preparation for sale has been in play for many months and we can expect and should be ready for a series if announcements when the new CEO comes on board before the start of Q2 in 6 weeks.

@be+1k2f42xsy makes an excellent point.

Get ready to unlock more “‘synergies” when this deal closes. I’ll take a severance

The town hall was weirdly optimistic and seems like the ELT is not scared. I think it's because of acquisition so they stopped giving AF. What was the vibe you got?

FIS Acquires Amount - Thoughts?

They are so pathetic where they refuse to build internal initiatives toward Cloud and AI, they acquire yet another company just to pull them down and leave them in limbo just like they are doing to Dragonfly right now. This company doesn't know how to do acquisitions let alone proper assimilation into something that's actually meaningful. This leadership team is one of the worst I've ever seen in any organization. Entirely clueless.

Everyone has received the news, the significant majority will be leaving in the next 1-10 months. Most have come to grips with the verdict, some have not, and most are slightly bitter about the lack of plan the executive leaders had for upholding two of the 6 Hess Values (Integrity and People) in this acquisition. Bitterness is temporary, all will move on to new things and I venture to say most will find it to be a nice fresh start. The Hess name plate will come down, replaced by Chevron…but the people are what make a company. Help each other out finding new roles, be intentional on keeping up with colleagues as we go in separate directions, find a role and company that make you excited to go to work everyday. Stay positive, make a plan, execute your plan…don’t look back.

Offshore, firings, opening an office in India. The Citi playbook. DC acquiring EDJ is the only thing that makes sense. Nothing else does.

The rumors just won’t go away.

https://www.msn.com/en-us/money/markets/bp-gains-amid-takeover-speculation/ar-AA1KARYY?ocid=finance-verthp-feeds

Here is a simplification for those who may be reading this and are not familiar with how some of these deals work.

TLDR, investors/company’s don’t give a sh-t about you. They only care about one thing. Money.

Someone essentially takes out a loan to buy a company, once they own the company. The person has a lower interest rate. Than the company, because they use the credit rating of the company to determine the interest that they put on the loan that they used to buy the company for themselves. Which gets put on the company’s balance sheet as a loan that the owe the person. Who not only makes a profit off of the interest they charged the company after the loan is payed off. Plus they own the company.

While all of this is happening they essentially strip it for parts (selling off anything that is profitable), cut as much costs as possible to maximize short/medium term profits. Slowly at first. Then faster and faster. Then after they shoved down as much money as they possibly could in their pants they then let the company go bankrupt to the creditors. Which by then is is usually the people who bought the company.

They then use the bankruptcy process to pay as much as the original loan back as they can. With as many fees and surcharges as possible.

When they liquidate this is the normal order that the company owes the money to get paid. (Different in certain states) It goes from

secured creditor (anything backed by assets)

Administrative costs ( the lawyers and all the costs from managing the company in bankruptcy this is a gold mine for them you will also see corporate, spend absurd, money on stupid sh-t that only makes their finances worse which is good because a lot of them at this point are secured creditors)

Priority Unsecured creditors. (supposed to be the workers you get around this though and kick the can to step 4. )

General unsecured creditors Everyone else (even you the worker) except the what is in step 5.

The stock holders aka the retail investors and the money they force you to invest in them through your retirement plan, because all the Whales are gone 99.9% of the time.

So when a company liquidates you could easily lose the wages you have already worked that have not been payed out and you are almost guaranteed to make penny’s on the dollar of what they owe you from your stock, this is very dependable on the debt burdens the company has).

When is the acquisition set in stone and anyone have word on what might happen? seen some posts here that say some things curious

Because they’re cr—py?

https://finance.yahoo.com/news/conoco-reportedly-eyes-occidental-petroleum-takeover-163448560.html

The comrades I’ve lost… It won’t stop hurting, it's like they’re all still there… You feel it too, don’t you? …they came after you in OCI, then OHAI. Oracle just… keeps growing, swallowing everything in its path, getting bigger and bigger. Who knows how big now…

I thought everything had been taken from me. But now, I really have lost it all. The Boss, and the future we were building together.