#costcontrol

Hired to control costs and recover margins for Nike. You all know what that means, right?

For those of you left behind, narcissist Leahy is going to hang on (at least) until the end of the Games of the XXXIV Olympiad. Good luck keeping the lights on while ducking the ever lowering deck of the CDW tractor!

Remember how the company lifecycle works:

1. Founder/Engineer – Builds a great product (Krasny)
2. Salesperson – Figures out how to sell it and grows revenue.
3. Professional Manager (MBA) – Scales the organization and optimizes operations (Edwardson)
4. Accountant/CFO – Focuses on efficiency, margins, and cost control (Richards)
5. Lawyer – Tries to manage the lawsuits, regulations, and decline (Leahy) <== You are here

I am glad that my manager has kept my merit increases at a average of a reasonable 2% for the last few years so that we could 1) increase shareholder value, 2) keep staffing expenses manageable and 3) fund higher salaries for the top two executives at BNY. Source = 2026 Executive Comp slides from the Proxy Statement.

Discussions and counter views welcome.

Brace yourselves people, put on your big boy pants because if you thought the last 3 years were rough budget wise internally since Investor Day 2023, get ready for the wallets to be even tighter than they were the last 3 years…..can’t make this stuff up. The stock is almost at it’s all-time high range so these people can’t lose any steam and traction. They want to promise Wall Street even more greed

https://s205.q4cdn.com/565046976/files/doc_events/2026/Feb/25/L3Harris-2026-Investor-Day-Presentation.pdf

according to the 2025 nydfs supplemental filing, company spent $7M in out of pocket leg.al fees in 2024+$2M for l.aw division staff. $9m total not including insurance payouts\need to cut these excessive expenditures to save jobs.

I hope by now the company sees the value in having a count team! Shrink is out the roof in most clubs or hidden! THERE IS NO ONE TO FOCUS ON IT! PAYING 3 GUYS $170,000 A YEAR VS. SHRINKING OUT TRIPLE THAT! MAKE IT MAKE SENSE! Team leads are stretched to thin for all that responsibility

What am I missing? I’ve always heard that a major integrated oil company needs chemicals as a hedge for low oil prices as that spread drives higher chemicals margins. I get that the European sites won’t benefit from this because of the cultural and policy insanity there destroying the framework for industrial profitability, but in the US Geismar is proving this point. Pennsylvania polymers has had the delays, cost overruns, flare issues, furnace blow up, emissions fines, community hatred but besides that it’s gone great. Deer Park has the most expensive ethylene on the gulf coast but at least they also had a major fire. Ok maybe I’ve answered my own question. I mean what lucky company wouldn’t want to buy up all this lol.

Any news for the departments under clinical performance/excellence? Most of this work relates more with cost avoidance vs direct income.

Anytime the email references consolidation/cost control/simplicity/stay focused you know there was some damage done. Additional carnage to come?

CarMax is moving forward with large-scale layoffs that will hit its corporate workforce, particularly in the Richmond region. The job cuts represent a notable downsizing of the company’s corporate operations. Workers based in CarMax’s corporate offices near Richmond are bearing the brunt of these reductions as the company restructures and looks to control costs.

https://www.wtvr.com/news/local-news/carmax-layoffs-jan-14-2026

Executives have been incrementally spending a ton on travel and approving excursions and such and it’s adding up FAST. They have 0 clue how this stuff works on the finance end

Someone please explain to me how Homecare dimensions survived the cuts That department has been losing money year over year. HS terrible leadership and so many high paying positions. Therapists making full time salary over 90k and seeing 2 patients a week. Nurses that see less than 4 patients a day and a VP who has not clue what she is doing. So many employees laid off of so many departments that are needed and this department spending money like it’s growing on trees.

Is that per year or over several years?

Because if the target is saving 2B from laying off, the math doesn’t seem to jive. Lets say avg employees salary+benefits etc is $300k/yr/person, which is a reasonably high est for avg, laying off 3k will only amount to 0.9B. How could they target to save 2B and said estimated 2-3k employees?

…failed again, why leadership doesn’t just cut the loss and spend $$$$$$ wisely

Fire the CEO to control costs!

HyVee new corporate mission statement is called Trimming The Fat. Jeremy G is cutting any program that is not turning a profit. Jeremy is going to get lean in the next 5 years. They are talking about closing 50 stores that haven’t made profit in 30 years. They are looking at cutting labor. Looking at cutting wages for director and mangers. The next five years will either bring HyVee back from Randy E failures or HyVee will file for bankruptcy. Time will tell.

Been in Business role for a while now, honestly ford is paying more on H1Bs than a local. If you add immigration, attorney charges $$ goes to moon.not sure why we need H1Bs for these roles which can be filled with just an associate degree#H1B#ford

Heard in a meeting today GM is looking to reduce costs more. From what was discussed, it looks like they are going to start trimming near the top of the tree.

I guess the so called bottom 15% wasn’t enough.

They will probably just blame it on the excessive Tariff costs.