"I fault myself for not paying more attention' is what CEO Ryan Lance told us is one of the reasons he has to cut 25% of the workforce. He was too focused on swallowing smaller rivals. Ryan Lance's was paid $23.12 million in 2024. $15.42 was a bonus. Wonder how much he will get in 2025 “for not paying attention”.
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@b3 …I take it your “safe” then lol
I've seen in my experience that we dont trust anyone in our company. If we need to make an important decision, we get a scope of work and pay an external party to validate our decisions. We spend hundreds of thousands of dollars just validating decisions that we should make internally.
@cy Not to mention the blank checks we write for cloud storage. It’s the biggest scam going, and we throw a fortune at it every year!
@b3 those lavish meals and team celebrations are nothing compared to the outrageous contract rate and bills we paid to the vendors.
That’s from a script they learn in management training. I had those words verbatim regurgitated at me by my manager during an end of year review many moons ago. He had a personal grudge against me and I was fortunately able to transfer to a different group with a competent leader the next year.
It’s a way to cop out, “take responsibility” and yet still punish the intended target. Absolute BS move but one that’s very common.
You might not like this, but this is also just like in sports when the coach of a team who is struggling says he needs to be a better coach.
Most of the time it is the players who need to step up, but the coach is taking the blame for their poor performance.
Ryan says the increase in our spend happened on his watch.
But all of you calling for his head also need to lay blame on the people who overspent, expensed lavish meals, had too many team celebrations and a long list of other reasons our costs were climbing faster than our income.
Rumor has it that he’s planning to retire at the end of the year. If that’s true, it won’t hurt to fall on the sword. Take the blame on your way out.
This is really turned into a messed up company hasn’t it. Why don’t you just sell out to Berkshire Hathaway. I hear they are looking for oil and gas companies and chemical companies too.
Incompetent CEOs should be forced to pay the money back. Furthermore they should have to sit for victim impact statements. They are just shy of being criminals.
Fall on the sword, Ryan, then we’ll know it’s not all for show. Maybe that’s one of the ‘big announcements’ coming Monday…our dear leader is stepping down. Time to send the old bull out to the Montana pasture.
Paying attention is the literal definition of his job.
It pays to be king.