The board of directors are criminal. No accountability like RD and others at the top. They have stolen Mattel money, don’t know the business and frankly don’t care as long the get paid $300k a year. Litigation is needed. Shareholders should be... — read more
The CFO cashed out his stock?
Check this out: https://www.macroaxis.com/invest/market/MAT--Mattel The CFO cashed out his stock in October. Not a good sign of faith in the company. When the CFO is bailing, you know things are bad. The stock is now dipping up and down around $11... — read more
what happens when Mattel stock hits $10 a share or below?
stock currently is less than a dollar away from hitting $10/share.
Bankruptcy probability 42%
https://www.macroaxis.com/invest/market/MAT--Mattel
To all my NYC peeps in ES.
It hasn’t been a week since our beloved office has closed for good, and though I’ve found other employment in a related manufacturing field I have to say I’m worried for you all and hope you keep your eyes out for other opportunities outside of... — read more
sounds like everything with DC is going swell
http://www.toyhypeusa.com/2018/12/13/dc-master-toy-license-for-monster-jam-trucks-moves-to-spin-master/
Boo hoo hoo
So many posters posting boo hoo hoo what are we gonna do? Stop the distraction because our problem is your inaction. Stop posting your gripes and cheap snipes. Ynon and the leaders are only a bit, the rest of the team can bring a hit. So pick... — read more
Dr. Seuss on Mattel
Mattel's not Swell, said Dr. Seuss You've gone and killed your Golden Goose Both Barbie and American Girl Are dead, they make the buyers hurl They will not buy your pricey box No one wants your falling stocks They do not want your Thomas train Your... — read more
We need Isaac
To get us out of this mess. Let him bring on his own management team that knows toys and design. It’s the only hope for Mattel.
Dear Mattel
Look how far you fell How can't you tell Business is not well Your toys do not sell Stock has gone to hell Game over ring the bell Your future is not swell Goodbye, Mattel.
Stock market just signaled Mattel is done
Mattel's stock price dropped -5.25% today and closed at $12.08. That is the lowest daily price close since the 2009 financial crisis and significantly below its previous range. Translation, the market just announced Mattel is very, very sick and now... — read more
Soon under $10
With our stellar management team we continue to fall further into the abyss. Does anyone on the Board have any idea what is going on?
Project Titan
So the 15th floor codenamed the redundancy plan Project Titan. WTF is this? A bunch of 12 year olds playing with G.I. Joe and making up codenames. A--holes.
brand and franchise?
Can someone tell me what the difference is between brand and franchise? Now Mattel has both but no one seems to know why or what's what. What does this new group do that the brands weren't doing? Isn't this all very redundant? Isn't Mattel supposed... — read more
No more severance packages??
The consensus seems to be that this new unlimited vacation is so that when employees leave the company, the company doesn't have to pay out any unused vacation time. Now I'm wondering about severance packages. Has that changed too? Anyone know? If it... — read more
No more Rose Art
Heard there were lay offs there today. Anyone from RA have any details as to what happened?
What is this "Dream Gap" nonsense the CEO was on about today?
He said that starting at age 5 little girls stop believing their gender can do or be anything. What a load of s-xist, misogynistic bullsh!t. Also gender is not the same as s-x, suggesting all little girls are female a transphobic and regressive view... — read more
Unlimited Vacation
Any thoughts on the new Unlimited Vacation.
Assistance for laid off employees
I know this might be a stupid question considering this is Mattel we are talking about, but is there any assistance provided for laid off employees other than the usual, meaning the severance package? I'm asking mostly about some kind of job... — read more
AG leadership
Why on earth haven’t the AG prez and VPs been fired?! They’ve completely destroyed the company.
Holiday layoffs?!
Is something happening today/tomorrow?
FIRE RD
How has this fool not been let go? His value add is zero. Actually, it’s sub-zero given his propensity to spend in excess on non-business driving ballyhoo set only to impress himself while making the rest of our lives and brands a living hell. He’s... — read more
This week?
Any indication that there will be layoffs this week?
Happy Thanksgiving email
I think the least you could do as a CEO is send an template email to all your employees saying “thanks” is it too much to ask for?
New leadership, old leadership, same old ship.
What to make of the new leadership being sent out the door, only to reinstall the lifers. Kitty says this may be a good thing. But what does kitty know that we don't?
Who’s making these decisions?
Is it true the Good man is now running procurement and contract manufacturing? How can you get a senior job in areas you’ve never been part of who. Did ME decide this all on his own or did the old Mattel boys network do its work again?
The lies that leadership tells
I keep reading that the landscape of traditional play has changed but i’m calling b---s--- on that. my kids wants a barbie dreamhouse, something called sunny day playset, was even enticed by the new polly pocket set. typical girl plat has not gone... — read more
Mattel Chapter 11
We have a $500 million bond that’s due in may 2019. And we are paying 7% interests on the $1 billion bond raised last year. Based on 2017 financials, we paid over $100 million in interests. This year will be higher due to the $1B. There’s a $250... — read more
Marketing and Finance
Dear Marketing and business people, you have failed in your meetings with the finance people and failed you to create new revenue streams. Do whatever you do best and stay out of other disciplines. If you don’t hit your numbers , take a hike... — read more
$13.26
That's the stock price for Mattel today. It's the holiday season and every other toy company's stock is up. Layoffs will be happening now because when reporting of the 4th quarter comes, the company will need to report drastic cost reductions to... — read more
COBRA
I was laid off. Do I still have to sign up for open enrolment? How many of you are going with COBRA. If not COBRA then what? FYI I'm in California
This week?
Anyone know if layoffs are still happening this week?
Thoughts on YK?
It's been 7+ months as CEO. What do we think of YK? Can he turn the ship around?
RD finally jumping ship?
So, was in a meeting in the tower today, and someone let it slip that RD is p-ss-d are Ynot as he's keeping him like a lapdog, and have stripped RD of antly meaning responsibility and he's out the door before Thanksgiving. Good riddance to bad... — read more
Over-shipment to China
The problem with China isn't Trump or the trade war. That has nothing to do with it. Toys aren't impacted by the tariffs, and in any case the tariffs wouldn't impact sales in China. The issue is simple: Mattel massively over-shipped in China for... — read more
Did everyone fill out the Global Engagement Survey?
Will HR do anything about these inhumane working conditions?
In case you think we are safe
Just a reminder, December 5, 2017 was the date of 1st wave of layoffs since the announcement of 650 millions cost saving initiative, 50 people got let go on that day at ES tower and HTC. Have a great Thanksgiving! Yup, chances of no more layoffs this... — read more
The strategy was always the problem
This article is originally about the competition on the learning and educational equipment market in which Mattel is apparently becoming a significant player, but the reason why I posted this article is that, in one part, the author points out how it... — read more
How is the end of the year looking?
I'm thinking we are done with layoffs until after the holidays.