Thread regarding Resideo Technologies layoffs

New Interim CFO earning $57,500 per week according to 8k filing

Horsepower is Ryder's company.

http://archive.fast-edgar.com//20191023/A22VF62EZZ2RLZZ222ZE2ZXNVUSMZZ22D2B6/

Pursuant to the engagement letter with Horsepower, the Company will pay Horsepower a bi-weekly fee of $115,000 as compensation for Mr. Ryder’s services, as well as reimbursement of Mr. Ryder’s reasonable and authorized travel expenses related to performance of the services. Mr. Ryder will report to the Chief Executive Officer and the Board of Directors. Horsepower will cause Mr. Ryder to devote substantially all of his full-time efforts to performance of services to the Company. The engagement will continue in effect for six months unless terminated earlier by either party upon 30 day’s written notice.

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| 1331 views | | 4 replies (last October 24, 2019) | Reply
Post ID: @OP+11Gt1deo

4 replies (most recent on top)

They obviously don't know what they are doing, the interim CFO hosed them. Can't blame him if they are stupid.

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Post ID: @jsn+11Gt1deo

Wow! You could hire 15+ engineers for a year of that person’s salary! I’m so glad I left HW right before the spin-off.

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Post ID: @tww+11Gt1deo

Come on.... it takes expensive skills to cook the books and remain legal..... close to 300K per month as a salary is great when one advertises they will optimize their spending (furlough and layoff coming too...)

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Post ID: @mwn+11Gt1deo

Great! we have a new guy to spin our numbers..what about marketing, sales, the stock price, no products and losing market share? He should be able to document to numbers going down great.

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Post ID: @yaw+11Gt1deo

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