Well I hope it was worth gutting the company to get the dividends. The stock market is completely detached from reality. The real unemployment rate is near 30%. You have significant numbers of company employees overseas generating profits to the top 10% of the US population. In fact, 84% of the stock is controlled by the top 10% wealthiest people. This is a pyramid scheme that can't survive.
https://www.prnewswire.com/news-releases/adp-declares-regular-quarterly-dividend-301107094.html
8 replies (most recent on top)
ADP stock down $3.14 today alone. And it keeps falling. Carlos needs to be replaced.
ADP: down from $182 to $135 today. Carlos's mass layoffs did that. Fire him!
Market up today, ADP stock down. So predictable. ADP is a dog of a stock. The company is now filled with low paid unskilled workers and completely ineffective lying management. More layoffs are occurring but that won't fix the problem at ADP. The CEO has no idea run a company. It is a horrible place to work. Employees are so unproductive and virtually nothing is getting accomplished with almost everyone working from home. It's actually kind of funny just how embarrassingly bad ADP has become in the past few years. And that is why the major hedge funds have almost universally dumped ADP stock and analysts are negative on ADP's future. I call that Karma!
ADP stock down $2.64 today. Carlos is failing. Time to fire the CEO.
Well that is blatantly obvious. The CEO and executive mis-management team at this company have complete shattered it's future. He literally hurt so many people under his plan and it has all backfired. He is going to be remembered for being the worst CEO in the company's history by a mile. Should have bet on a true American!
ADP stock is a joke. Most money managers and wall street funds have cleared out of ADP due to the economy and the bad management direction ADP has taken. Stock will continue to go down. Watch and see.
9/8/2020 - Another day DOWN - already over $3.10 and it's not even 9:45am.
Carlos's policies are bad for ADP. He needs to be fired immediately.
And yet the stock is down (AGAIN) today over $3.00 a share!
Hey Executive Board: * FIRE THE CEO! *