Reading the transcript, one has to wonder how he can spread this manure with a straight face. And when will the analysts ask an actual relevant question?
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How does Molly Treese still work at Teradata. She covered up the s-xual as--ult of a child at a private school which her kids attended. Then when she got caught she indemnified herself.
@e8+1jky1rz7q : you're heading in the right direction. I think its pretty obvious by now that the BOD is intent on selling TDC off to anyone who will write a check. Problem is, there don't seem to be any/many folks with that kind of money who aren't going to do due diligence. Likewise for a CEO replacement: anyone qualified would immediately see that TDC is a ghost ship and run away. So internal candidates are needed, but the churn in the ELT makes that difficult. Hence SM is pretty much protected until a buyer is found.
However, its unlikely any buyers will appear until the stock price is below $20, and the headcount is below ~3000. So the BOD may be content to let SM mismanage the stock price down and do the dirty work of RIFing until the buyer appears and SM can cash out his parachute. DEI noise is just a distraction; TDC's issues began long before they started dispensing the DEI kool aid.
As an aside, I've seen a number of posters complain about the analysts not pressing SM during the calls. Thing is, TDC is not that widely held, theres no story left to tell and expectations are low, so the analysts that show up are barely more than AI chatbots and probably very junior, so they're not going to rock any boats with difficult questions.
In order to fire a CEO the Board has to have replacement in mind, at least at the interim. Interims are usually picked internally. Now think. Who?… Exactly.
Also the Board needs to look for and eventually hire a permanent replacement. Who of any decent substance in their right mind would do it, given the situation? Who wants to deal with massive headache and ultimate failure on their resume? I’ll tell you who. Losers in need of money. Board realizes it very well. That is the reason SM is still there.
The other option is to hire a shrewd outsider to get the Company acquired and enrich themselves and a few others in the process. Now for that kind of arrangement there are more than a few takers out there, I assure you. I know, I know, there isn’t much to sell, you say, and you would be right, but I mean the thing is less than $2.5B, rivets to so many, and with the right connections a few buck can surely be made.
Bloke talking about DEI mate
Look the guy is a L plate CEO. His background was not impressive when he came to Teradata having spent a career sheltered in big tech companies. Even his CRO buddy who also has weaseled his way up the ranks is now finding out that maybe he doesn't have what it takes.
However I suspect the list of candidates that SM was competing against when applying for the role would have been a very shallow bucket of washed up hacks. The board had no choice but to pick rubbish and hope that it would pay off. However those prayers weren't answered
I was shocked when I went to their investor page and was greeted with: 2021 Investor Day: Teradata Reimagined
2021??? Id--ts.