This company needed a change, but I hope we will not be disappointed even more?
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This company invests for a bigger pe company. They will build up what’s left & sell it off again. Amazon maybe??
More of the same, but probably worse.
I took this from Shelf Awareness. TL said, blah, blah, blah, blah
The president of Jefferson River Capital said, "David Wittels, president of Jefferson River Capital, said, "The James family and Jefferson River Capital are honored to be entrusted by the Follett family to continue the stewardship of this company and its important mission in higher education. The cost of higher education has been growing at far too fast a rate in the U.S. and Canada over the past few decades; we are very supportive and appreciative of Follett's role in lowering the cost of course materials and in doing so have widespread impact on the affordability of higher education for students and families.""
Ya think that means they're going to increase wages, improve working conditions, revamp stores, and pay a premium for experience? You job will be to lower costs to students (an idea I like). Will asking for a raise achieve this explicit goal?
At a minimum the motivation of leadership will be profitability and success for the company not cash availability for the controlling family and that alone is a turn in the right direction.
Definitely need a new way of look at things. Not sure the three that are leaving is deep enough. The company is still full of leaders (only by name) that contributed to the poor decision making, the lack of communication and the overall poor culture of this company.