If you are waiting for the chief to be fired now, don’t hold your breath. While he is a terrible leader for employees, he had been great for investors. Yes, it’s coming to a head and they are losing money, but don’t kid yourself they can lose more. Because they know that, they are hanging in. As for the board, I wish I was a fly on the wall. My guess, most want him fired, but most wont fire him yet. I know it’s hard to imagine, but the stock will fall if he is fired now. So what’s in store is a roll of dice. If performance gets worse he will go but if it stabilizes he will reign again. This company was never a growth story. It’s absolutely about shareholder return. Sorry guys, it’s so obvious if you follow his career story and what happens to CEOs these days. Neonationalism is propelling the rich to get the richer while the middle incomes disappears and lower incomes grow and fight each other all over the world.
Wake up, third world or developing counties aren’t taking our jobs away, CEOs are giving it away aided by our very politicians to make the rich more rich.
If you want to do something, rally around every neighbor and demand your politicians focus on education and the wellbeing of every human being.