happy, relieved, panicked, or conflicted?
4 replies (most recent on top)
Read the press announcement carefully. There are 3 parts to this that deliver a specific message. 1. A search committee is formed to identify a new CEO. Meaning, they have been vetting candidates for months + 2. They will CONTINUE to work with the financial advisor already engaged on managing the portfolio. Meaning, they are already well underway in deciding what is getting sold off. + They brought in a retired general to now independently direct what exactly the current leadership crew actually does during this interim period between Mark's firing and the new CEO coming on board. Meaning, they want investors and business partners and the tech industry to know the are approaching the new direction of OT with rigid and an anti-woke lens. It also means they want to separate the company culturally from Mark. This means people like the president of sales who Mark brought on will either be gone before the new CEO comes onboard or immediately after. The new CEO has to show that the Mark shop is no longer relevant.
Can’t wait to get a clear vision for our company. The Mark and Sandy show is over… let’s go back to our roots with what made us great in 1991. Divest all the rest, we are a Canadian tech company that is world class at Enterprise Content management. Let’s get back to that and remember what made us great in the first place. It’s a good day for us and I’m relieved.
Took them long enough. Good riddance to the CEO imposter. Maybe a chance for Opentext to recover from him now.
Happy, relieved, over the moon. We can all get laid off tomorrow and it wouldn’t matter, I’ll sleep like a baby knowing Mark got embarrassingly fired today. Best day ever.
Su-k It++