This feels like an intentional attempt to destroy the company. How did we manage to assemble a group of people this bad? Every single move they make, makes the company worse and worse. This is all far too coincidental to not be intentional.
Is Geoff some kind of plant to wreck the company so it can be bought out piecemeal for pennies on the dollar?
What do you mean Que has done nothing to turn Diabetes around. Warning letter just closed and 780g just launched. Sounds like progress to me. Some of us are coming here to get information not opinions that seem to be extra negative about leaders of color. Your racism is showing. I don’t want you at Medtronic anyway.
Post ID: @mdg+1mfaGF4p - it’s called stupid DEI BuII$hIT, where dummies are chosen and qualified individuals are redundant to make room for DEI people who failed this company- my stock :(
Post ID: @roe+1mfaGF4p - no Fklng idea who this d-mb was chosen. All this EVP’s from CVG, RTG etc has gone on to lead other successful companies.
Omar left the company and he forget to pick po-p while on his way out. Didn’t his SPAC failed recently???
@yyz+1mfaGF4p What company was his dad a CEO?
There must be a plan to divest our diabetes business at some stage… once it’s out of the red in USA. Who would buy it in its current state… Que has done nothing to turn it around
Geoff is following his father’s step… his father bankrupted his company, just saying.
On an initial glance, GM looks like a Salesman from a car dealer, upon Googling his education credentials, it indeed matched the car dealer salesperson profile.
Medtronic needs a new CEO poster child, it needs someone whose facial presence reflects wisdom, intelligence, experience and strength. Then patients globally will have more confidence wear its products.
If this CEO leaves, then MDT stock will be back up near $100. Let’s hope this will happen in 4 weeks.
GM said his CEO position is not a tenured professorship, let’s prove he is right in 4 weeks!
These are the results of decades of pumping out checkbox degrees for people of low to average intelligence that manage to move up the corporate ladder.
It's hard to tell. Geoff genuinely is a complete fu----g id--t. You can tell if you ever had any conversation with him. Although, anyone listening to him in any town hall could have figured that out.
Why he was chosen as CEO is something that has to be deliberate. There were several high performing presidents and internal leaders many of us thought would be CEO or in Excom in some way.
But they picked Geoff and every single one of the people we all though were actually legitimate options left the company to work elsewhere. There definitely was a lot of drama and a "what the actual fu-k" reaction to Geoff becoming CEO.
Geoff and Omar both consider Jack Welch as their idol. Tells you al you need to know about their leadership style
Here is who Geoff and Omar learned from. Neutron Jack himself - do these actions sound familiar? You can't spell Geoff without GE
Upon his retirement from GE, Welch had stated that his effectiveness as its CEO for two decades would be measured by the company's performance for a comparable period under his successors. Welch had grown GE to over $450 billion in market capitalization, of which about 40% was in financial services.
Twenty years later, the company's market capitalization was only $200 billion, and Welch refused to discuss its decline, other than noting much of the decline had resulted from investments in real estate, and that his immediate, handpicked successor Jeff Immelt had to deal with the after effects of the September 11, 2001, te------t attack.[24] The New York Times published a critical article in 2017, noting GE's stock price as overvalued under Welch because of the growth of the financial services sector, as well as describing the amalgamated corporation's decline in 16 years under Immelt, who likewise was one of the country's highest-paid managers and eventually sold off two of Welch's largest acquisitions, NBCUniversal and GE Capital.[25]
Under Welch's leadership, GE waged a twenty-year battle with the Environmental Protection Agency and New York State over polychlorinated biphenyls (PCBs) that the company dumped into the Hudson River at its capacitor products division plant in Hudson Falls, New York.
Welch disputed scientists who classified PCBs as forever chemicals that can cause negative health consequences.[26] The chemicals contaminated the aquifer beneath the plant to the point that the water was unusable for human consumption without treatment. New York State's Department of Environmental Consumption also advised people against eating fish from the river near the site.[27] He went on to call the Obama administration's prioritization of addressing climate change "radical behavior".[28]
According to BusinessWeek in 1998, Welch's critics questioned whether the short-term performance pressure he placed on employees may have led them to "cut corners", thus contributing to subsequent scandals over defense-contracting, and/or the Kidder, Peabody & Co. bond-trading scheme in the early 1990s.[8]
The following year, CEO Welch took issue with reclassification of GE in the Fortune 500 as a "diversified financial services company" rather than an "electrical equipment company", and by 2005 many had noted that the price-earnings ratios of the financial services sector were lower than that for GE.[29] In 2014, GE Capital (the company's major financial services branch organized during Welch's tenure) agreed to the largest credit card discrimination settlement in history, concerning many years of deceptive marketing as well as discriminatory credit practices.[30] After Welch's tenure, GE Capital had been labeled as "too big to fail" and had become regulated by the Federal Reserve. The retired Welch publicly praised his former firm's "slim-down" and return to being an industrial company.[29] In 2018 Welch discussed the different financial culture in Kidder, Peabody & Co., whose acquisition he arranged during his tenure at GE, and whose ethos was based on short-term bonus calculations.[24] Shortly before the settlement was announced, GE Capital renamed itself as Synchrony Bank; the spin-off took two years.
Welch also often received criticism for a lack of compassion for the middle class and working class. When asked about excessive CEO pay compared to ordinary workers (including backdating stock options, golden parachutes for nonperformance, and extravagant retirement packages), Welch labeled such allegations "outrageous" and vehemently opposed proposed SEC regulations affecting executive compensation. Countering the public uproar, Welch declared that CEO compensation should continue to be dictated by the "free market", without interference from government or other outside parties.[31]
Welch's income and assets came under particular scrutiny during his divorce from his second wife, Jane Welch, in 2001, for adultery with the woman who became his third wife. Court filings during the divorce described Welch's GE compensation, which led to a Securities and Exchange Commission investigation of the then-retired Welch's employment contracts with GE.[32][33]
In 1996, Welch and GE had agreed to a "retention package" worth $2.5 million, and which promised continued access after Welch's retirement to benefits he had received as CEO—including an apartment in New York, baseball tickets and the use of a private jet and chauffeured car.[32][34] Welch stated that he did not want more money, nor a more traditional stock package, but instead preferred to retain the lifestyle he had enjoyed as GE's CEO. According to a 2008 interview with Welch, he had filed the agreement with the SEC, and addressed the media attention and accusations of being "greedy" by renouncing those benefits.[34]
In 2012, Welch and his third wife, Suzy Welch, quit their business associations with Fortune magazine and Reuters news service after Fortune published an article which criticized Welch's tweet, shortly before the 2012 election, which alleged that the Obama administration manipulated certain economic statistics, as well as another article which elucidated the 100,000 jobs GE lost during his tenure as CEO