Now heading back to single digits. This company is a complete disaster. Huge salaries, declining sales, fake financial reporting, everyone interviewing. Activists don't even care any longer. This is a well-run machine.
32 replies (most recent on top)
I'm one of those people whose job it is to tell you that it will all be better in 18 months. But the reality is that your management makes knee jerk decisions based on off-hand comments made by poorly informed board members. I've started looking for a job.
The invisible Chief People Officer is attending boondoggle conferences as the company is burning down, interviewing I'm sure. She certainly earns her $2m.
Maybe optimist
Expect the stock price to be over 9000 by 2021.
Stock Price 25-30$ in 18 months?
- Yes, we are always conveniently 18 months away. I have been told that since 2016.
2021 the share Price is going to old highs
Look I'm not lucky enough to get the car allowance but I still think you people are barking up the wrong tree. Even if it's $12k a year per VP that is a pittance compared to the ridiculous salaries that the C suite pull down. Did someone say $2 million for the invisible HR lady?
$1k to $2k's not bad if you don't mind slumming it in a 2-series.
Don’t forget about the VP and above’s car allowances! Last I heard it was still in the 1-2k a month range. I still don’t understand how it’s legal to offer this while a company is failing. Corporate America FTW!
It should be very interesting if the stock hits 8 this week. I hope everyone’s been saving their paychecks!
Still too many people, making above market wages, working in jobs with no impact, within a company that’s not profitable. The math on this is hard, as Barbie would say. Mattel is a much smaller company today and still needs trimming of different sorts. But, the brands are still of value.
When does Hasbro start shipping Frozen II product. I'm sure Mattel's stock price will love that. Going to be a fun Christmas for Ynot trying to prop Barbie up against that juggernaut.
You id–t, Kilpin got us into this mess! Yes, he's a likable buffoon, but he ran us into the ground. He got rich fiddling in the band while Rome burned. Good riddance. Mattel is simply beyond saving. Ride that flaming wreckage to the ground.
We need Tim Kilpin as CEO. He would turn this ship around. He has experience and great relationship with licensors. He’s greatly respected by the industry and well liked.
The Board of Directors does not know how to hire a CEO and have been scammed by RD for years. Every CEO hire has been a train wreck. Bring on a Board that has the courage to stop the nonsense of hiring inadequate leaders and giving a contracts to people like RD for big money and no results. Any other company would have fired RD years ago. No, not this one. Need change before its officially too late.
Is it any surprise? Ynot's strategy has always been "keep doing what you were doing ÷ we'll make more big budget movies". Just as an obvious example, he maintained M-Go's cloying "WONDER. values". You might argue something like that's superficial, but it's indicative of a larger apathy on his part when it comes to making the structural changes that are so desperately needed. Mattel is a man laying on a gurney in an ICU, dying a slow death. They keep sending in new doctors because no one can seem to stem the bleeding, yet they all just keep prescribing the same medicine and continue along with the same treatments, no wonder the patient isn't getting any better! Mattel needs a CEO who can come in and fix the organisation at a foundational level, not more platitudes about how we're the greatest toy company, with the best IP and the industry leading processes. Ynot will be gone after this coming holiday unless he can really pull an amazing Christmas out of his hat, if that's the case let's just hope the next CEO is someone willing to take on the monumental task of Identifying and fixing the core issues that have been plaguing the company for years. Someone who is willing to actually effect change, no more lazy self interested losers!
A company without accountability at the top
The stock went down nearly 40% since Ynon took office.
He's been CEO for 17 months, how much longer are employees and shareholders willing to wait for results?
How did Ynon lose his way so fast? He started out seeming to know who to trust and how to spot competence. Made some good moves in the short term. How did he end up snuggling up to RD?
It's a shame really. I worked at Mattel for 4yrs for the Tyco R/C team and truly loved the team, product we made in the design department. I left before that office was absorbed into the El Segundo meatball, but we had amazing health insurance, 401K, salary structure and managers. I haven't had such a great position since "the good old days" of Mattel... even though it was run at the top by Kraft people, but our VPs and Directors were all toy people thru and thru. As someone that had Mattel loyalty, I hate to see what the managers have done to this once great company.
I know everyone has CEO revolving door fatigue, but the truth is Ynon got his shot and clearly struck out. Time for the next batter up. Someone with toy industry experience this time, if you ask me.
$9.28 and trending down. Congrats to our new CEO. The Ynon effect is in full effect! The beginning of the end.
It's all f—ed. Move along. Nothing to see here ...
Run by incompetents that are way over their head in turning around a company.
Hot Wheels and Barbie can no longer save the company?? Spare me. Hot Wheels and Barbie are the leaking boats that have been propped up forever. 'With Barbie's success goes our stock price" said RD for years. I guess not. What a fraud.
This is a company that has an out of touch brand portfolio and has no idea what to do about it. Now they have lost their chance to sell to Hasbro which is a giant Board mistake.
Mattel's stock is definitely going to test $8.00. We'll see what happens after that.
Someone on this board must have at least a general idea of the letter's contents. Come on, deliver the goods!
It’ll get worst once the tariffs hit. That .99 Hot Wheels become $1.99. There are nothing new coming from Mattel next year. Toy Story 4 saved Mattel this year but No movie for disney/pixar next year. Hot Wheels and Barbie can no longer save the company.
The company should be at least transparent to the issue. If they’re not then they are hiding something. I hope it doesn’t end like lootcrate.
When are they going to reveal the details of the whistle blower letter? It's been two weeks now and they've said nothing. The longer this goes on with no answers, the worse it looks. How can a leadership team be so incompetent?
I left Mattel a few years ago but check back here from time to time to see just check in, I still work in the toy industry and I don't think I'm alone in feeling that the downfall of Mattel could have wide reaching impact on us all.
So my question is, how are things these days? Moral was pretty bad when I left during that old guy Sinclair's turn at CEO, but I wonder if it's gotten worse? Are things falling apart? I heard FP no longer has a finance department because they all jumped ship over the course of several months, I took that as a bad sign. Stock price is in freefall for no apparent reason? Are people concerned, what's being whispered about in the break room these days?