Earnings are out and revenue fell short of expectations, down 8% year-over-year. Cloud revenue increased 5% but client revenue declined 14% and consumer revenue declined 23% year-over-year. The stock lost 6.17% in pre-market trade following the report. All in all, if we didn't think there'd be cuts soon, now we can be certain.
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Previous leadership was also clueless. Just saying
criminal! what no retention for HR and Strategic VP of Comms! hahaha clowns! retention is to keep them during a transition if company splits. laying the groundwork for the split and parachutes.
Why would you pay to retain these guys based on their performance?
yet they keep enriching themselves while the workers get let go or the super cheap svp's expect everyone to stick around working for a discount
Mr. Goeckeler’s retention award is for a number of restricted stock units of the Company equal in value to $5,000,000 in the aggregate (the “CEO Retention Award”). The first 30% of the CEO Retention Award will vest on June 15, 2023, and the remaining 70% will vest on June 15, 2024, in each case subject to Mr. Goeckeler’s continuous service from the grant date through each applicable vesting date. The Committee approved the grant of one-time retention awards to the other named executive officers of the Company for a number of restricted stock units equal in aggregate value to the following amounts: Wissam G. Jabre ($4,000,000), Srinivasan Sivaram ($4,000,000), Michael C. Ray ($3,000,000) and Robert W. Soderbery ($1,000,000). The retention awards granted to these named executive officers will vest in two equal annual installments on June 15, 2023 and June 15, 2024, respectively, in each case subject to the applicable executive’s continuous service from the grant date through each applicable vesting date.
DG is terrible!!!! Get that clown out of here and his ridiculous leadership team.