This crisis over poor financial controls and potential fraud is completely unacceptable for a former CFO and now CEO. The only real remediation plans involves Martin being fired. Not him "leaving for personal reasons", but actually fired. Without that there's no reason to believe anything coming out of Kyndryl.
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https://www.discerningreaders.com/martin-schroeter-best-choice-ceo-kyndryl-newco.html
And wearing a red watch.
The Grand Dame already did his part, he was the WB.
If he plays d-mb in the upcoming legal proceedings as a way to protect himself from liability he's going to have to come off as a total id--t.
I'd LOVE to read his performance evaluation. I wonder if he got any "needs improvements."
(duh, of course he didn't)
@101 When you are the CEO and chairman, you are the ONLY real fall guy.
https://www.google.com/search?client=ms-android-comcast-us-rvc3&hs=e3gU&sca_esv=fcb4727fba182473&sxsrf=ANbL-n4N8tpK80YOiYby1t59CJPVFU-rJg:1771213343186&udm=2&fbs=ADc_l-aHJKCxetkbp8HihrVlWP2E1iNtw1c6Bqm2EL8gFYaWSYxrIPO0Uw9d1XjTJ7RJppL27u10Sz2H_5rWUT3uu2qmkdxFtOiqd2eSMu8n9_VZ7DKbXvt3N_1Cn6w_9YdHTxCDDI-FJkhB4TL5ZBfgad8w7TIxzvr7SGp3Yb7jZdiTFRu-zCzAQyYDorcKGi2I640mI61W6OatVs-KlXv1TWHNJWIh4RIQz6Rv5F4DE4m8hyeWg2M&q=stanley+tucci+in+orange+jumpsuit&sa=X&sqi=2&ved=2ahUKEwjxkpHxi92SAxWOEVkFHUQXF9cQtKgLegQIExAB&biw=384&bih=695&dpr=2.81#sv=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
@10x The Grande Dame Elly would look great in orange.
Would like to see Elly in orange too.
Well there must be a "Fall Guy." If not Schroeter, then who!???
just look at the dude. looks seriously guilty of something really really bad.
@k3
Under SEC rules, companies must file their quarterly report (Form 10-Q) within a prescribed period (often 40 days after quarter end for accelerated filers unless extended), and a Form 12b-25 provides an automatic short extension (typically 5 additional business days) to submit the overdue Form 10-Q.
I couldn’t find any reporting that the SEC has publicly issued a formal or separate compliance deadline beyond this standard process, such as “file by X date or else” tied to the voluntary document requests.
@qz Hopefully the government gets to seize that too.
To the guy who keeps talking about the beach house, you know he also owns a mansion in upstate NY with a 15000 Sq ft 15 horse barn?
@pn Who has been saying "they (the feds) are going to take MArty's (then newish) beach house?" Hmmm? Who was that?
Together with you now, I do believe in arrest, prosecution, imprisonment, beach house confiscation, maybe auction off his silly collections from Christie's to benefit those on the bench?
Fired at a minimum! He should be arrested, prosecuted, and imprisoned.
Kyndryl has until Tuesday to file its report and its got to be damn near spotless with all this scrutiny. If PWC refuses to sign and it goes beyond Tuesday then Kyndryl will be a late filer which will likely trigger another mass selloff and some of Kyndryl's accounts may be frozen. It would be catastrophic.
Who was it that said "the feds will end up taking Marty's new beach house"? Anyone? Anyone?
If you are an employee of KD, you may have valuable information that could be relevant to the investigation. Hagens Berman is one of the nation’s top whistleblower law firms, and has successfully represented many individuals who come forward with information regarding corporate malfeasance. Under the new SEC Whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, contact Reed Kathrein at 844-916-0895 or KD@hbsslaw.com.
" Oh and one more thing. I can see he's going to be in maximum overdrive, so can you please tell Marty to not ask me where he can procure some fentanyl free coke. If I've told him once I've told him a million times that it no longer exists. Adderall is the safest alternative. Talk soon Kindrill"
Did it conclude with "always a pleasure to be of assistance, and say hi to Hairyjo from me. I love her, she makes me feel human"
Great idea! I asked AI to help write a "good faith plan that is virtually impossible to achieve" it provided this with the explanation that the first 2 are achievable but challenging and the 3 is subjective for which achievement could be interpreted but in a defensible fashion. It looks exactly like something the human garbage we work for would actually put in front of us and make you sign. Who needs HR. I'm beginning to like AI. 😁
This 30‑day Performance Improvement Plan outlines three priority areas requiring immediate and sustained improvement in executive performance and organizational leadership:
• Strategic Execution & Operational Follow‑Through: Deliver clear, actionable execution plans for the top organizational priorities, including defined owners, timelines, and measurable milestones. Weekly progress updates are required, demonstrating visible movement against commitments.
• Communication & Organizational Alignment: Improve the consistency, clarity, and timeliness of communication with the executive team and board. This includes providing concise updates, ensuring alignment on key decisions, and maintaining predictable communication rhythms.
• Leadership Effectiveness & Executive Presence: Demonstrate steady, professional, and effective leadership behaviors that reinforce confidence across the organization. This includes modeling accountability, maintaining composure under pressure, fostering cross‑functional collaboration, and engaging stakeholders in a manner consistent with company expectations.
Performance will be evaluated through observed interactions, feedback patterns, and overall leadership impact.
Weekly check‑ins will be conducted to review progress. Successful completion requires meeting expectations in all three areas.
The Kyndryl executive committee has spoken:
Marty needs to be on a PIP, complete the code of conduct guidelines course daily for the remainder of the year AND share an office with JamJam Turdledge until further notice.
Can we at least put him on a PIP?