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?
35 replies (most recent on top)
@xm what are you"slay-queen" leaders?
@xm like the entire cas division in crm? Slay queens are cooking numbers because they can’t do math as evidenced by their decision making
Constantly promoting "slay-queen" leaders into GM roles, only to punt them out in less than 2 years will be Ge-off's legacy.
Two companies
Surgical - base it out of New Haven or Boston
Interventional - based out of Denver
Shut down the Minneapolis corporate headquarters - everything in that building is a money-burden to the company. Keep most of the product development in Minnesota.
Senior director must have 100 direct reports. VP must have 300. Most functions highest management is Director (Training, HR, site manufacturing, Fire every Program Director and replace them with Program Managers. Destroy the Core Team concept and replace with Dedicate Project Teams.
Remote workers in regulatory and clinical only. There is no quality role that should be remote.
…looks like Rachel Maddow just “woke” up
…and for deeper cultural and business insight, just watch more CNN and MSNOW! lol 😂
How much longer? Whenever shareholders demand true business leadership instead of the diluted woke practices driven by top Medtronic institutional investors (Vanguard, Blackrock, State Street). Stop rewarding below-average business performance. Bad decisions come from layers upon layers of management that have no leadership competency. Start there.
Okay grandpa. You need to turn off Fox News. GM and his buddies are unqualified at their positions. They made bad business decisions after bad decisions. But yes, continue to fall into the DEI, CRT, or whatever other boogeyman trap.
Look in the mirror and ask yourself if you do a better job as CEO? The answer is yes.
@nq it also censors d-mb. Which seems d-mb
DEI is one of the many missteps taken by our string of transplant GE leadership. They are textbook rent seekers. They are not innovators. They are not visionaries. They are fade followers and nothing more. DEI is one of the many fads followed that led to this outfit circling the drain which is why it was weak enough to allow Elliot to squeeze a bit more juice out of us before it is all gone. You can ignore it, rent seeker like leadership or move on. The rot is deep and I am not sure the patient will live through the cure.
@f5 yes! Yes! And yes!
DEI is a boogeyman created to distract some of us from leadership poor decisions and Medtronic outsourcing thousands of American jobs overseas like Hyderabad India.
DEI? Geoff has surrounded himself with a bunch of mediocre white fratboy former college/pro athletes who used to sell the stuff that the engineers of Medtronic and other companies designed. He's most comfortable with people who look and think like him.
@np why did my comment get censored? Is "g-y" now only used as an insult?
@OP This is how they always destroy us. Distract, Evade, and Inflame and leave us fighting for peanuts amongst ourselves. Only a Rube looks at the current situation and points his finger at the brown/g-y/woman standing next to him fighting for the same scraps of food they toss from the head table. Then ride their golden parachutes into the sunset.
@ha It is a big contributor. We don't want the best we want someone checking the right boxes that is just good enough or can be trained. Whatever we do they better check the right box. The infection may be fatal in this patient.
@fa Victim alert! It is cultural you poor helpless victim. Why are Asians, Jamacians, Nigerians and more so successful? They are black and brown. It is cultural. It is family. It is values.
Please remind us why Torod was hired and what did he do?
DEI is at the core of Medtronic's mediocre financial performance after decades of dropping generation after generation of unqualified people into management positions and then swiftly promoting them up the corporate food chain. Very few leaders in that group. Where do all the bad decisions come from? From managers that aren't leaders.
@OP What? It's only been 26 years and this stock has went from $50 to $77. What a fantastic return only a treasury bond could beat that.
@fh but you are the only one being entitled and claiming being a victim
@f5 why is “businesses all led by former sales reps” a bad thing? I’m an engineer so unsure why this is wrong on the business side.
@f5 It is not just DEI. However, DEI infects the company with the entitlement and victim ideologies as can be seen in other posts.
@f5 yeah, but blaming brown people and women is SOOoOooooo much more satisfying than the few rich people who caused it.
You think DEI is to blame? Try the Op Model, GOSC reorg, bad strategic double downs into robotics, exiting experienced talent (of all genders/races), unclear guidance to the street, buisnesses all led by former sales reps.... and a board that is criminally negligent in oversight of the CEO. This is a catastropic failure of leadership strategic and operational - if only DEI was the problem that would be easy to fix!
Yeah so much for America first with all of our jobs being outsourced.
lol the real DEI are white men. Perfect example GM and his cronies who will be known to drive this company into the ground
Alteast under Omar stock was hitting ATH every year
@ap lol, you mean Geoff’s job isn’t to make me content and pay me top dollar?
I could have swore he answered to the employees and not the board/Wall Street/Elliot Management.
I’m shocked, SHOCKED, that I’m just a cog in the machine designed to maximize profits for a few at the top…
Wait, what does Daddy Trump think about this? Surely he’s a man of the people and not interested in enriching a few people who are already super rich, right?
Wow you are gullible. DEI isn’t the issue. The poor business decisions are the problem. Stop falling for this DEI trap over and over again.
@aa His DEI initiative was obviously doomed to failure along with other initiatives. Most of the executives in the C-Suites are not critical thinkers. They read, see, are told about something some other companies or industry is doing and jump on the band wagon with the hopium they can ride the wave to more success. This is the least risky path for the unimaginative in leadership. I suggest thinking of it like the hot new song, clothing line or tik tok trend. They don't start trends they just follow jumping from one to the next hoping to get some benefit.
lol dude (and I’m pretty sure the OP is a dude…), the current situation isn’t due to a ‘failed DEI strategy’.
It comes off as wildly uneducated as screaming ‘TDS! TDS!’ when anybody dares to question dear leader.
Martha will continue to have a job as long as the Board continues to approve of what he is doing. Take his continued employment as evidence that they do.
This dude has driven the stock 6ft under. Its amazing the incompetence of this CEO and even more amazing how the board continues to put up with this abysmal performance!
@a4 another triggered DEI hire. There are lots of them in the halls at MV. That is when they actually show up to the office.
@OP god you dei obsessed people must have brain worms. Nobody can be this d-mb naturally.