#ceo

Very odd it’s not in May, think they’re cooking the books with the layoffs to make the numbers look good? New CEO announcement? New RTO policy?

PD lit up DM today and may be getting fired soon. NE named next CEO??

This message is for Mr. O’Grady, CEO, on behalf of front-line employees, managers and even regional managers in Wealth Management. Because we don’t know if you’re aware of how bad things have gotten.
Senior Execs in WM have made decisions to close down ESS and PCS teams across the country without a plan in place. There was minimal thought put into the transition of those clients and individuals within those teams were left with no leadership and an attitude of “Just handle it and I don’t want to hear any complaints.”
Of course there were complaints. And of course there are some financial losses. And because of those, 20 year (and more) tenured, experienced and exceptional people were given the direct blame and fired.
It’s such a big mess and so sh---y.
We feel like we don’t work for the same Northern Trust anymore, after working proudly for this company for decades.
The only thing being emphasized is the bottom dollar. Every single thing is about money.
What happened to the company who, during Covid times, not only didn’t lay off anyone but also gave an extra paycheck to the lower level employees? Why is everyone being asked to do more with less, with absolutely no recognition or appreciation? The very good people left are leaving.
We’ve become the laughing stock of the industry. We used to be the Bloomingdale’s of this business, and now we’re no better than Wells Fargo or BofA.
It’s extremely sad and disappointing. And we’re hurting really bad. But worse, we’re looking for other jobs. For some of us, who have been unsuccessfully recruited by other firms for over 29 years, it’s the first time we’ve even thought of doing so.

Our CEO is CELEBRATING 23 quarters of layoffs. CELEBRATING?!?!?

That's how much our leader values the workforce. Do the math - he's celebrating the disruption and destruction of tens of thousands of careers for the past 7+ years straight.

https://www.bizjournals.com/sanfrancisco/news/2026/04/14/wells-fargo-ceo-layoffs-wfc-earnings-call.html

i'm outta here asap. its only getting worse

Someone that is in the board. Tim Cook!!!

He knows Nike well, recently step down as CEO of Nike.

He will bring stability that he gave in apple. Bring same old more boring stuff quarter after quarter!!! LOL

Dan Schulman made 34.3 million in 3 months in 2025 :He only became CEO on October 4, 2025 — so he earned most of that in just 3 months as CEO. Here's how:He received a $9.5 million RSU grant upfront just to compensate him for pay he forfeited when he left a prior investment firm to take the Verizon job. Then a $20 million RSU grant vesting in 2027, plus a $30 million PSU grant tied to performance — all loaded in at the start. Add his $1.5 million base salary and a short-term bonus target of 250% of base salary, prorated for the portion of 2025 he was CEO , and you get to $34.3 million fast.The CEO Hans Vestberg collected $31.2 million in 2025 compensation. So Verizon paid two CEOs over $65 million combined in the same year it laid off 13,000 workers.The system that allows this:The board sets pay. The board is elected by shareholders. But in practice, executive compensation committees at major corporations benchmark pay against other large companies — creating a ratchet where CEO pay only goes up, regardless of performance. Schulman got paid to leave his last job and came in loaded with equity from day one, before proving anything.
So to directly answer your question: he made $34.3 million largely through upfront equity grants and a golden hello — not because he earned it through results. The results come later, if they come at all.

GitLab announced a company-wide restructuring effort. The software company plans to reduce its workforce by June 1. This restructuring aims to meet the demands of the "agentic era." Changes include flattening management layers and reorganizing R&D teams. The CEO stated AI agents will automate internal processes, affecting roles.

https://www.businessinsider.com/gitlab-layoffs-memo-2026-5

He’s completely in over his head and not CEO material. Zero vision, authority or leadership for this moment.

The Today Show interview this week was a disgrace to this company. Lacked anything meaningful. The tears are old. “Return to sport” and “serving athletes” is BS vision. What a wasted PR effort by the Comms team. Embarrassing in fact.

We need a new CEO yesterday and I’ll start a petition.

Any chance the last two CEO’s were planted by the investors? They both run this company like they want to bleed it out and then sell it to someone who may have pushed for them to get to the top.

Since Udit Batra took over as President and CEO of Waters Corporation in September 2020, his total compensation has risen approximately 146% - from $5.7 million in his first partial year to $14 million in 2025 - while the company’s financial performance has largely stagnated. Revenue grew modestly from $2.37 billion in 2020 to $2.96 billion in 2024, a rise of around 25%, and net income actually declined from its 2022 peak of $708 million to $638 million in 2024. The most glaring disconnect came in 2023–2024, when earnings were flat to negative yet Batra received a 27.6% pay increase. Over the same period, the company’s workforce has shrunk. After growing to a peak of 8,200 employees in 2022, Waters cut roughly 328 jobs in a formal 2023 layoff round - approximately 4% of global headcount - and has continued to shed staff, ending 2024 at 7,600 employees, a net reduction of around 700 from the peak and below where the company stood when Batra arrived. Batra himself has cited the headcount reductions as a management success, pointing to flatter org structures and tighter spans of control, while employee reviews describe a culture of ongoing layoffs, increased workloads, suppressed pay, and leadership disconnected from the workforce. In sum, Waters under Batra presents a picture of a CEO whose compensation has substantially outpaced both the company’s financial results and the fortunes of its employees.​​​​​​​​​​​​​​​​

I'd say he is, he's conditioned that way.

Just wanted to give the proper hello to rhe worst CEO and human being in Chevron History, MW. Also a hello to the worst CIO in Chevron history that is destroying his fellow American IT personnel to pad his pockets. What kind of people have so little loyalty to their country and community they happily sacrifice them for themselves? Terrible humans. They DO NOT HAVE to act this way. No law says they have to. For those defending these people, a few extra pennies of dividend in your retirement fund at thr cost of laying off people in your community is not Wirth it. Its absolutely wirthless! You dont have enough in your account to make a difference. Now to head out to take an MW!

How much time does EH have left until he himself is laid off for underperformance? Who would the next CEO even be? Internal or external?

In the last 5 years, MDT stock is down 44% while the SP500 is up 67%. How much longer for CEO and Chairman Martha? Obviously his DEI strategy hasn’t paid off and neither has anything else. How much longer board?

NIKE IS DONE!!!
WE 3 BAD CEOS MP JD EH
AND WITH BAD ECONOMY, I THINK THAT MOST CONSUMERS ARE CHANGIN THEIR TASTE.
MOST YOUNG PEOPLE ARE BROKE AND THERE IS NO YOUNG CUSTOMER BEING CONVERTED TO NIKE CREEDO.

DEAD AND BURIED!!!

The CEO is a maniac and literally fires people without knowing what they do. It's an odd strategy for success.

Generally, a CEO with sustained poor performance is -on average- let go after ~3 bad years, if not less. That’s been studied pretty extensively across medium-to-large NYSE-listed companies, and the stats are easy enough to find. Yet Goff Murka is still here.

The decision about a CEO’s employment and performance reviews is handled by a committee of the Board. And Geoff himself is also on the Board. That’s one of the reasons CEOs often sit on boards in the first place: to avoid being completely at the mercy of the Board and to maintain some degree of stability and influence.

Funnily enough, three MDT board members also came out of GE. Funny how that works. At the very least, there’s an element of mutual back-scratching and shared incentives.

Being on a Board is a great gig: incredibly lucrative and relatively low-risk compared to operational executive roles. Great money for comparatively little legwork, with the worst-case consequence usually just being the loss of the seat. Geoff has a pretty nice setup with the GE network: everyone scratches each other’s backs and keeps the machine running.

This is basically a textbook corporate-governance criticism: board interlocks, executive networks, and incentive alignment reducing accountability for underperforming CEOs. We can stop speculating on the mystery of why GM has his job. It's this simple.

There’s simply far more incentive for everyone involved to sit tight and protect the status quo and their own interests than there is to force a change.

And that's where Elliott has come in. That's why they've gotten seats on the Board. What they do with the seats remains to be seen: join in on the grift, or try to save MDT as a company.

There is no mystery. It's rent-seeking in plain sight and will not change until the GE faction leaves or is removed from the Board.

https://www.reuters.com/sustainability/sustainable-finance-reporting/mattel-investor-asks-ceo-consider-go-private-or-sale-toy-demand-weakens-2026-05-08/

From his role as CEO in the coming investor call. JP will be announced as new CEO effective Q1 FY2027. Stay tuned.

Bottom Line - Dan will get his 30%

Many jobs sent to the Philippines because it is cheaper , pushed the CEO out bc KKR investment firm

This feels lame. It was clearly prepared and just a long running poor AI voice reading. How can the CEO do that? The head of our company cannot speak at the earnings call?

I had to laugh while watching the latest IBM CEO Office hours (May edition). At minute 9:30, the topic is "Internal support efficiency"... Question about the internal support automation... think askHR, askIT, askSales, etc... Arvind said the services su-k... he tried to ask askHR what his vacation policy and the answer from the system was: "I could not retrieve that answer"!! Lol!

This is a great example on how IBM uses AI internally... useless.

""

Amazing the negativity seen in this Heartbeat article. Employees not happy with 100B in revenue and not cost of living increase.

Build a Rocket Boy has reportedly experienced another round of layoffs. The exact number of affected employees remains undisclosed. This marks the third instance of job cuts within a year for the studio. Previous layoffs included the shutdown of BARB France and reductions in the UK. CEO Mark Gerhard cited corporate sabotage and game issues for the redundancies.

https://wnhub.io/news/hr/item-50759

PayPal plans to cut 20% of its staff. This reduction will take place over the next two to three years. The company aims to accelerate its adoption of artificial intelligence. These job eliminations are also part of a cost-cutting initiative. CEO Enrique Lores stated PayPal underinvested in its technology platform.

https://www.wsj.com/business/earnings/paypal-to-cut-costs-after-profit-falls-dc42baf9

This is an email I sent earlier today to all employees at Coinbase:

Team,

Today I’ve made the difficult decision to reduce the size of Coinbase by ~14%. I want to walk you through why we're doing this now, what it means for those affected, and how this positions us for the future.

Why now
Two forces are converging at the same time. We need to be front footed to respond to both.

First, the market. Coinbase is well-capitalized, has diversified revenue streams, and is well-positioned to weather any storm. Crypto is also on the verge of the next wave of adoption, with stablecoins, prediction markets, tokenization, and more taking off. However, our business is still volatile from quarter to quarter. While we've managed through that cyclicality many times before and come out stronger on the other side, we’re currently in a down market and need to adjust our cost structure now so that we emerge from this period leaner, faster, and more efficient for our next phase of growth.

Second, AI is changing how we work. Over the past year, I’ve watched engineers use AI to ship in days what used to take a team weeks. Non-technical teams are now shipping production code and many of our workflows are being automated. The pace of what's possible with a small, focused team has changed dramatically, and it's accelerating every day.

All of this has led us to an inflection point, not just for Coinbase, but for every company. The biggest risk now is not taking action. We are adjusting early and deliberately to rebuild Coinbase to be lean, fast, and AI-native. We need to return to the speed and focus of our startup founding, with AI at our core.

What this means
To get there, we are not just reducing headcount and cutting costs, we’re fundamentally changing how we operate: rebuilding Coinbase as an intelligence, with humans around the edge aligning it. What does this mean in practice?

• Fewer layers, faster decisions: We are flattening our org structure to 5 layers max below CEO/COO. Layers slow things down and create coordination tax. The future is small, high context teams that can move quickly. Leaders will own much more, with as many as 15+ direct reports. Fewer layers also means a leaner cost structure that is built to perform through all market cycles.

• No pure managers: Every leader at Coinbase must also be a strong and active individual contributor. Managers should be like player-coaches, getting their hands dirty alongside their teams.

• AI-native pods: We’ll be concentrating around AI-native talent who can manage fleets of agents to drive outsized impact. We’ll also be experimenting with reduced pod sizes, including “one person teams” with engineers, designers, and product managers all in one role.

In short: AI is bringing a profound shift in how companies operate, and we’re reshaping Coinbase to lead in this new era. This is a new way of working, and we need to leverage AI across every facet of our jobs.

To those who are affected
I know there are real people behind these decisions — talented colleagues who have poured themselves into this company and our mission. To those of you who will be leaving: thank you. You’ve helped build Coinbase into what it is today, and I am sincerely grateful for everything you've done.

All impacted team members will receive an email to their personal account in the next hour with more information, and an invitation to meet with an HRBP and a senior leader in your organization. Coinbase system access has been removed today. I know this feels sudden and harsh, but it is the only responsible choice given our duty to protect customer information.

To those affected, we will be providing a comprehensive package to support you through this transition. US employees will receive a minimum of 16 weeks base pay (plus 2 weeks per year worked), their next equity vest, and 6 months of COBRA. Employees on a work visa will get extra transition support. Those outside of the US will receive similar support, based on local factors and subject to any consultation requirements.

Coinbase prides itself on talent density. Our employees are among the most talented people in the world, and I have no doubt that your skills and experience will be highly sought after as you pursue your next chapters.

How we move forward
To the team that is staying, I know this is a difficult day. We’re saying goodbye to colleagues and friends you've been in the trenches with. But here’s what I want you to know as we move forward together:

Over the past 13 years, we have weathered four crypto winters, gone public, and built the most trusted platform in our industry. We’ve made it this far by making hard decisions and by always staying focused on our mission. This time will be no different – nothing has changed about the long term outlook of our company or industry. And most importantly, our mission has never been more important for the world. Increasing economic freedom requires a new financial system, and we’re building it.

The Coinbase that emerges from this will be more capable than ever to achieve our mission.

Brian

(Brian Armstrong)

Anthropic CEO Dario Amodei warns some software companies will 'completely go bust'...

For META, Oracle and MSFT it makes sense for LR as they are stuggling to get back to ATHs.

I dont expect Cisco CEO to be under any pressure from the board right now.

We have Simon, the Mission CEO now. He is on the senior leadership team so at least we have a smart person in charge of things around here. I think the whole cloud thing is really going to finally take off!

Is MW the most un-American CEO in Chevron history or is he the most American with the way he's acting?

https://www.sec.gov/Archives/edgar/data/72971/000119312519256649/d813177dex10a.htm

FTFA: "In connection with your position, you will not be required to relocate or engage in travel that would result in a change to your current state of residence. "

How long will she last as CEO of LULU .... (if she even makes it to the chair in September)

EH but rather PK not letting EH do anything radical to fix it
the way he sees it necessary.

I guess PK is not really gone but applying his invisible pressure
behind EH's back. That makes EH a puppet.
PK a actual power

Seriously one very top level executive is into triathlons. That is heavy commitment. I know since am in that space. It is virtually impossible unless you are almost full-time. This is a shame that CEO is ignoring this.

This is my favourite Wizard of Oz song.

IMHO, this is the worst configuration of the ET we’ve had in many years. This is how it appears to me.

CEO with no vision, no spine, talks out of both sides of his mouth, obsessed with status and wealth, ensures the worst of the worst get ahead and real talent and innovators go elsewhere.

COO is worst type of BS-first, ex consultant. Skills include meaningless PPTs, firing people, letting others figure out impact of firing people, and blaming others when 800th reorg he had led doesn’t work again.

CDO is slimy, happy to take credit for ideas of others, happy to backstab his peers, and has no meaningful knowledge of tech, AI, or the business. ChatGPT should be getting his bonus.

CFO is arrogant, hemorrhaged the best talent we had in Finance, sc--wed up the numbers, blamed people no longer here for his sc--wups.

CIO is huge downgrade that let best people go to erase the shadow of his infinitely superior predecessor while hiring his goofy buddies that know nothing.

Rest of ET has no product vision beyond “AI” and repackaging the same garbage into new formats with new brands. Seems like they are trying to push customers away.

Assume many will leave and cash out with an IPO if one happens.

Also assume this ET has burnt enough bridges with the well regarded, highly placed talent they mistreated and pushed out so that many of them will never work in this industry again.

John Stankey built his entire career on exactly the kind of institutional loyalty he now tells 130,000 people is dead.

He joined Pacific Bell in 1985 straight out of college. He has never meaningfully worked anywhere else — Pacific Bell became SBC, SBC acquired AT&T, and he climbed every rung of the same organizational ladder for 40 years without ever having to compete in an open market for a job.

He didn't get to CEO by being market-based. He got there by being loyal, patient, politically savvy, and present for four decades in the same building. He is the living embodiment of boomer corporate loyalty — and he abolished it the moment he reached the top.

That is not irony.

That is a specific kind of moral corruption that comes from people who pull the ladder up behind them.

No shade to the other CEO, but I really enjoy Rick’s meetings. Full of great confident and I love how he takes all the questions on without having to reach out to his team. He is prepared and knows his stuff. It is a lot of info too… he must have a photogenic mind to retain all that! I can hardly remember what I ate for lunch yesterday.

Hopefully an announcement next week. This is beyond ridiculous. Under qualified and incompetent knucklehead.