Is anyone else out there thinking about what it takes to file a class action against this company? Complete incompetence by the board to allow such failings. The whole VL/OR thing is crazy enough, but then fold in Dayton, Seattle, ThinkBig decisions it’s over the top. How do we get traction?
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Agreed. VL is/was totally incompetent to run a technology company. Experience in the grocery industry does not a technology CEO make. He should also be investigated for nepotism. He made his son-in-law head of all Teradata consulting and under that leaderhip, Teradata experienced its first ever negative margin from consulting, resulting in lay-offs of highly proficient employees. I sold all my TD stock after OR was appointed, when the stock price soared based on false expectations (I assume the markket was more impressed with a technology visionary than a grocer.) Regrettably, I correctly predicted that the the stock-price bump was a halo that would not persist. I see no other alternative than a class action to permanently remove the incometent, unethical leadership.
One or several of the institutional investors need to demand a board seat and start getting this board changed
There was a big layoff today at Teradata. I worked there for 30 years and got my walking papers today. It feels like no matter how many cannons they throw off the ship, it is still sinking.
The SEC should look at this, you can't tell me they were clueless to the train wreck coming. But in defense of clueless, putting Vick back in charge may really indicate how clueless they are. Nice compensation for cluelessness.
Rats in the produce isle.
Director James M. Ringler sold 10,710 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $46.34, for a total transaction of $496,301.40. Following the completion of the sale, the director now directly owns 57,180 shares of the company’s stock, valued at approximately $2,649,721.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lisa R. Bacus sold 12,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $48.04, for a total value of $576,480.00. Following the sale, the director now directly owns 22,486 shares of the company’s stock, valued at $1,080,227.44.
As an investor, employee, former employee, customer, or the company itself?
Against whom? the board, VL, OR, the enablers, or the corporation?
Is your case that deliberate pocket lining narcissistic actions have wasted a lot of money, damaged many careers, caused psychological suffering, reduced company value, etc?
This happens at many companies and in many organizations. You can bet there is no written, recorded, or witness evidence of the internal machinations of the executives.