Greetings Cengage Colleges,
As I'm sure many of you learned in last week's investor call Cengage Unlimited is an unmitigated success. We have driven engagement to our MindTap platform and saved students millions of dollars. In addition, many of your former colleges have embraced our ethos and have become their own CEOs.
In other news, our beloved CEO recently purchased a NYC loft for 6.5M cash. Proof that we have saved our customers money and continue to change the way students learn.
“There once was a man from Nantucket....”.
Meh: the sarcasm is pretty heavy handed. Anyone want to try for some subtle wit?
Love the sarcasm
Hello there,
It is so nice to communicate with all of you in this forum, I feel great things will be occurring as we strive forward during this momentous time of reflection, activity, growth and of course, profit. Would it be so much to ask to quit criticisms and disparaging our ceo Michael Hansen? It’s not necessary to drag his name through the mud and scapegoat him for every one of your thousands of tiny failures over and over. We understand you’re not capable adults but your numerous personal and professional failures are not the responsibility of your fearless ceo. Let me remind you of our credo.
As one of the workers in this company striving to be better daily I find your constant discouragements to be a distraction to our goals.
@fyad+15BjrQ3H I'm guessing you work for Gale, which is a part of the business Michael has wanted to scuttle since he took over. The only reason he can't is it would permanently remove a large chunk of revenue that the company can't afford to lose. But he has been slowly starving Gale to the point that its revenues are almost half of what they were when he started. Hansen Management 101
@fyad+15BjrQ3H. Here's the problem. MH and his virtue signaling, sycophant crew don't think like that. He doesn't lose one wink of sleep over your plight. He doesn't care about the c-appy websites. He probably wants your business to just go away. He's made his money already. He'll make a bunch more when Cengage either sells at a deep...deep discount or he'll take the company into bankruptcy again and make a bunch more dough when it screws investors and pension funds, emerges with less debt and continues its race to the bottom. When you get to his level you can literally be the worst CEO on the planet and still come out smelling like a rose!
I work (currently on furlough) at a small Cengage office in the northeast where we sell books to public libraries. When Cengage rolled out Cengage Unlimited the changes they made to the website to accommodate CU totally wrecked our part of the website and, of course, Cengage didn’t want to provide money to fix it and when our sales plummeted we couldn’t use the broken website (which in the best of times was laughably inadequate) as an excuse. They saved a lot of money in commissions that year. Our marketing budget has been slashed each year so we can’t even send catalogs to libraries that spend 100k a year with us. Now the executive team wants to blame everything on the pandemic when the reality is that the fault lies with their p*ss poor management. That MH can continue his smoke and mirror Town halls and investor reports is embarrassing. Any self respecting CEO would have resigned in shame for decimating a once viable company.
To the "lets keep everyone safe crowd" you got your wish.
If the Fall wasn’t already shaping up to be distinctly un-fabulous, Tramp’s policy on international students will definitely affect our bottom line.
Hansen has been the CEO since 2012. Most well-run companies don’t go through endless cycles of layoffs, budget cuts, product launches and discontinuations, office closures ... At some point, the responsibility lies with the executive team. No need to snipe at the minions.
"Cutting edge tech company" is hysterical! Nicely done. While most "tech" companies house their digital products on mainframe computers or in the cloud, Cengage keeps their digital resources in giant warehouses to keep them extra safe. LOL!
MH is either lionized or described as a vulture, but in reality, it’s neither. He is trying to make the best of a sh–ty situation. The executive team is trying to conserve cash, restructure the business, and delay layoffs.
“Cutting edge Ed Tech company?” BAWAHAHAHAHAHAHA.
MH "saves Cengage from bankruptcy" eh? I sincerely doubt it, but we'll see soon enough. In the interim, enjoy your devil worship, and have some Kool Aid.
Being a publishing rep was a lifestyle gig. You didn't work too hard, got a company car, ran all your errands on company time, played golf, stayed home with your kids when they were sick, You made decent, but not great money. It worked. Anyone who says this isn't true is fooling themselves.
Once big business got involved, especially paranoid, control-freak upper management, who thought the business was akin to healthcare or technology sales, everything changed.
I’m shaking because you guys are so mean to our fearless leader and you question his wise decisions.
Who are you halfwits to ever question anything cengage does? Huh? You people are a disgrace to all of us who work tirelessly and without complaint in our used condom of an office and you people just do nothing but dump bad vibes on our big publishing pie.
Why are you shaking?
Literally shaking right now...
@1mji+15BjrQ3H Anyone below the VP level who has personally interacted with Michael knows this is true. He doesn't take kindly to the common folk once he is off script.
Never forget that the people who run this company hate you and look down their nose at you every day.
@1vwb+15BjrQ3H Haha....I remember that well. Guys in the Box were actually arrogant enough to believe that they would be able to recruit tech talent away from Facebook and Google. They cited Google's move as one of the reasons why they were moving to SF. What they ended up with were people who couldn't make the cut anywhere else and had to commute for hours because they couldn't live anywhere remotely close on Cengage's puny salaries. And after all that....not to mention the pile of money they had to plow into that office....they shut it all down because it was an unmitigated disaster. Yet another move that uprooted lives because one of the elites just had to live in a cosmopolitan city.
Back in the day, the California office got moved from the peninsula to SF on the whim of one of the 2 in a box guys. And when he retired, he had enough cash to travel the world for a year as Cengage’s Chief Nomad. But remember, the first concern is for the students.
Thanks for the reminder that Hansen shut down the company HQ is Stamford and laid off hundreds because he didn't want to live in or commute to Connecticut.
Not that recently. He bought it 2 years ago.
In TriBeCa . Thats very nice .
Is this Hansen undercover?