Thread regarding Teradata Corp. layoffs

The Best Decision Possible

And so the buffoonery continues...

The OAP with health issues and a track record of hiring and then firing increasingly incompetent id–ts, who only deliver vast mountains of 'debt,' is going to run things until he helps to find a replacement....how could that possibly go wrong (again) ?

Either the board are personally shorting the stock or they will be soon. Won't be the first time that people have made money whilst the company's fortunes suffer.

Maybe Mssrs Sarbanes & Oxley should pay RB and SLC a visit...

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| 2541 views | | 4 replies (last November 13, 2019) | Reply
Post ID: @OP+11VgHVeB

4 replies (most recent on top)

OR was the root cause of his own demise. He had an amazing ability to impress people who don't know better, which is mostly those above him. Through a combination of Machiavellian scheming and blind luck OR sliced through Teradata management ranks like a hot knife through butter. Somehow he was hired with virtually no experience in management and immediately put in charge of ~1000 people circa 2014. For often unknown reasons a lot of his peers and bosses left over the next few years. OR got incredibly lucky when HW blew himself up, because HW was not fond of OR. Had HW become CEO then TDC would be very profitable cash cow, yet still with a declining business due to poor handing of Hadoop and Cloud and not recognizing that cloud was the more serious long term threat. In fact, they should just hire HW now as CEO. HW understands the business and has strong financial acumen. A book could be written about OR's mistakes. VL mentioned in the earnings call that OR could not work through people. That is a complete understatement. Malignant narcissists compromise and undercut all those in their orbit. It is a surprise that VL is just realizing this now as complaints should have reached the board years ago. Somehow OR convinced VL that it was belly-aching and they both messaged that if people could not get aligned then they should leave.

It is surprising that the layoffs are going ahead since the choice of layoff targets was likely done by OR to be aligned with his failed strategy. So that means it's likely that a lot of the wrong people will be let go. Keep the folks that understand the Teradata database and ecosystem. Eliminate all this failing nonsense like Vantage and the other bizarre initiatives OR put in place. Everthing he did was for show to market himself. Nothing he did was for customers, employees, or investors.

Advice to VL: Hire HW as CEO straight away. Eliminate any new initiatives OR proposed because he had a nonsensical vision of what is practical and what the market wants. Just go back to basics and stem the tide of revenue loss the best you can. This can still be a profitable but shrinking business for years to come. And stop wasting money on consultants! Find the people who understand the core business and listen to them.

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Post ID: @5rkw+11VgHVeB

OR was not a scapegoat - he was directly responsible for many of the issues we had executing this year. He always believes he was the smartest person in the room on every subject and micromanaged every decision,

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Post ID: @5pwj+11VgHVeB

Town Hall was “I love Oliver”. And at least ten references to drinking. VL seems to need the 12 Steps Program. I sold all of my shares at $38. I don’t think you will see that price ever again. $25 is the new norm. Only saving grace is a takeover bid that artificially raises the share price. But remember, VL stated that the company is not for sale.....right!

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Post ID: @3oki+11VgHVeB

When would other incompetent leaders be let go. The ones who should have been let go first MC, NH, RP.

And liar with crocodile tears is back. OR was made a scapegoat by VL.

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Post ID: @cmv+11VgHVeB

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