@j5 Muhi once rented a car to go to headquarters and had no clue how to scrap the ice off the windshield. I’m sure he is a good person outside of work, but at work he is a talking head who has everyone else do his work. We need hands-on leadership vs empty suits just making unobtainable promises with corporate jargon and buzzwords.
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@j5 Muhi is a one trick pony, just like Mark. And his trick no longer works. He needs to join Mark touring Asia for a few years and sit on some boards. For the ELT Ctrl + Alt + Delete and replace all with people in Waterloo or the GTA.
@c6 This is not an easy hurdle to get over. The reason we haven't unlocked the potential of A isn't just laziness. It’s a legal and structural trap called Data Sovereignty. Our data is for the Private Intranet (Invoices, Legal Contracts, Supply Chain Orders, HR records). We can try to sell Collective Intelligence (Using everyone's data to tell customers how your business compares to the industry).
However our contracts explicitly state we cannot look at customer data. We are a Processor, not a Controller. We need to amend our contract request customers to opt-in to share thier anonymized metadata with us. In return we give them access to a Global Benchmark dashboard.
However, after that we would need to address all the data silos. We bought 50 companies (Documentum, Carbonite, Micro Focus, etc.). These products don't talk to each other including in Business Networks. The data isn't in a Data Lake. It’s in 50 separate Data Puddles. This requires a lot of money and will take a long time unless we beef of the staff.
We’ll see what Ayman does. My guess is that we’ll take the easy route and continue to cost cut and sell off divisions. I’ve never seen invest or follow through on a big project that requires a lot of investment. Our strategy has always been to hope things just work out and squeeze out as much money as we can with little to now investment.
Muhi said in the MF acquisition meeting "I can't afford Palo Alto, that's why I live in Marin and commute to Menlo Park". This dude has never heard of Let Them Eat Cake, such a doofus LOL.
OT do have something novel. They have one of the largest amounts of business data than almost any other company in north America. What does AI need.............lots of data. A smart tech visionary would utilize AI on this data and offer customers insights into their own business that they didn't know was possible.
This is novel. Lot's of businesses have great AI products but no data to use them, so they are useless.
Data is 98% of the AI magic. OT have 98% of the great AI product today BUT won't invest in that 2% required. Crazy!
@c1 business 101, you never what to play catchup unless you have something novel to offer. We don’t, so if we got a tech visionary the only way they would be successful is if they created something new in the AI space and be first to market. That’s a huge risk and we don’t have the money for that. Better eventually sell all parts of the company where a product may fit a puzzle piece at another company where we could all thrive. The new leaders will all be about preparing transitions. There just isn’t a market segment for us anymore. LaSalle was a great car in the 20s and 30s but by the 40 it made sense to merge it with Cadillac. And like at the end of the All in the Family theme song…. Ghee our old LaSalle ran great… those where the days….so goes for OpenText.
They have put AI under Shannon. Shannon sells herself as a money saver, she does well at this too. The last thing a failing company like OT needs to do is remove any investment in AI. She will tell the market that aviator is the leading edge but remove any funding to advance it. It will become an unused waste.
Why on earth don't they put AI in the hands of a tech visionary, utilize the massive amount of data they hold. OT seems to be in the best position possible to build an outstanding AI platform.
Yet we all know exactly how this will play out. They will not invest in AI, they will not build anything new. They will fire hundreds of employees to make investors think the balance sheet is strong. Every company around them will build platforms and products.
So frustrating to see such crazy decisions, especially when the opportunities are so obvious.
@bd Of course, MF was a zombie company with mostly hospice products, and massive debt. Not all of the products were hospice ready, but OTEX blindly applied the hospice algorithm to products that were industry leaders in growing markets thus giving lethal injections to viable products that could have grown.
OTEX should have hospiced many MF products but not all. But, here we are, all in hospice.
@a3 MicroFocus was doomed before OT acquired them. OT should not have bought anything from MF as it was all junk anyway. That junk that has translated into billions of dollars of debt.
Talking about his tenure, his career, his legacy? No one wanted to hear any of that. What's the plan forward? There is no plan. Whether Savinay could deliver or not remained to be seen, but he was far more motivating than any of Muhi's pedestrian ramblings.
"Abandon all hope, ye who enter here." (iykyk)
Why was Muhi not working in the office??????.....?
Poor Muhi. So sad, his equity will soon be zero.
This is AI slop, but seems accurate:
Muhi Majzoub, the Executive Vice President and Chief Product Officer at OpenText Corp, received a total compensation package of approximately $3.72 million for the 2025 fiscal year.
2025 Compensation Breakdown
His latest reported pay package consists of the following components:
Base Salary: $625,000
Bonus & Non-Equity Incentive: $562,500
Stock Awards: $2,035,348
Option Awards: $500,440
Total Cash Compensation: $1,187,500
Total Equity: $2,535,788
@OP To what do you refer?
Muhi has always had a creepy Stockholm syndrome vibe every time I have heard him speak (MFer here). Actually, after hearing him and MB speak after acquisition, I knew we were doomed.
I suppose it is depressing when your captor and lord is deposed, and your legacy as a creepy acolyte is ending.
What