Wondering if it's a retirement or departure without any special connotation or cause or is there something more behind? As in, welcome to the age of speculative capital, on the road to being sold for parts? Would love to be proven wrong...
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Let’s be honest. We really need a new CFO with no linkage to the past.
That way we can flush the rhetoric to the analysts. We have to, at all costs, avoid someone who has any association with the current metrics and story-board. We need someone who can say ‘I’m new, this did not happen on my watch, this is a new chapter’.
Wait for the next earnings call and listen out for these statements, or similar.
Doesn’t look like the new CFO has ever been a CFO? Here we go again with more on the job training. I guess all the experienced CFOs passed. But at least she’s not an old white man.
We could review some highlights:
Stock price is more or less the same as when he started
Financial Farce implementation
Callidus implementation
SIP/CIP constructs
Target allocation
Profitability limitations on Consulting
Drove the better PS people out, losing key customer relationships
Zero strategic investments
Flawed IR discussions and use of investor language
Other than that, he was great.
I guess he didn’t make it back from rehab.
MC did his job - gutted consulting and saved some dollars. Now he's getting his pay-off and can move to another position where he can do the same thing.
Revenue must not be looking good. Bet there's layoffs soon, but what's new?
He probably refused to put his pronouns on his email signature 😀
Either way all the turnover at the ELT level is a sign of disfunction. If I was a customer looking at this it would concern me. 90% of TDC customers want to move off the technology and this excessive turnover does not help. Once CROs have a few months to look under the covers they all run away.
Sharpest on the ELT? Keeping sanity? MC was a pompous blowhard who was regularly demeaning and insulting to those around him. He built a Finance empire that's costing the company millions and cut the legs out from any organization that tried to improve our processes. And the evangelist? MC is the reason we waited 3 years to invest in cloud. He cut sales incentives and reduced R&D spending to almost nothing.
Good riddance I say
This is not good news for Teradata. MC was keeping sanity in the LT; he was the rock and the evangelist. The LT will be further lost now. Too far from Teradata roots to ever come back.
Yah... Finance has all. The details.
MC practically eradicated Teradata Consulting. 250 million revenue loss since 2018.
His stage appearances in 2019 DCT were just awful. Really obnoxious person. Let's see how crazy the next one is.
No way he leaves on positive terms if he thinks the stock will double. He probably got tired of the McKinsey BS.
Was there an announcement on MC leaving?
If MC is out that’s not good. He was the sharpest on the ELT and drove the short-term stock appreciation.