We need more old white men to collect their piles of money and find their way to the door. Hopefully someone who places value in employees as assets instead of costs to be cut will take over.
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The outsourcing and cost reduction started well before the merger so Mr. Pessina didn't initiate the devaluing of human assets.
He'll still be in control of the company as chairman especially with all the stock he owns.
From the various articles, implication is that there is noone groomed to take over..hence the search. This would not be business as usual.
So what does this mean for us employees of this c-appy company? I guess nothing business as usual.
that euro c-ap doesn't work in the US hahaha...what a disaster