Demolished. Down $111.00 in 18 months, with buybacks. I guess the investors just don’t trust us yet? Put the guy from Slalom in. Or anyone.
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@h8 And the guy in charge of the software development team left for another job in July, again in likelihood because he got tired of working for PK and his control issues. I guarantee if he and the rest of the Education SAAS team had remained under SG's product development team instead, we would be light years ahead. Now half the team is looking to jump ship.
@gj It's tanking because the transition to services and SAAS has stumbled under the current Director since they brought him back in the Summer of '22. It was a bad move to bring him back from Merlin Minds. He had sc--wed up their product development too and then was just obsessed with trying to shoehorn them into becoming a CDW partner.
Sellers place Chromebook orders.
Managers say "good job".
Rinse and repeat.
@gd That Director is close to the SVP now of Education. Education is tanking because there is nobody working, just reacting to customers who just buy off of contracts. The sellers are not working, they are busy hanging out in the City of Chicago, playing 18 holes of golf in the middle of the day, going to the gym for several hours a day and maybe showing up by 10am and "working" 3 hours a day. Gone are the days of sellers needing to grind it out to get paid well. These sellers can't get a job anywhere with the commissions they are making, cut the compensation plan down to size where they are making the pay the rest of the industry makes and then CDW is more profitable in one of its largest verticals. CDW Account Managers should not be making $500 thousand to $1 million plus a year. Keeping options open to move on from here.
@c6 How could Education not be considering that its SAAS and product development falls under the Director on the Spectrum, a three time Boomeranged CDW employee, whose vision and strategy are myopic and mercurial. The brightest, with market understanding, have left, as he pushes to surround himself with YES types that don't challenge his fragile ego. This guy is a case study on why not to bring back an employee they quit twice before.
Sirius was a premier brand - respected, high performing, admired - a tight ship with clear execution. Discount is CDW’s middle name, we sell trash cans and management focuses on how many printers are shipped each day. There is no vision, just race to the lowest nickel. The only surprise is the board dragging their feet for so long on a course correction while CL is racing the bus off the cliff to her golden parachute.
@a6 - Pretty sure after that earnings call there will be no investors and no curtain left. I can't leave this company quick enough.
@cp Can we use AI and search for anybody not using a CDW logo in their autosig and auto-terminate?
Stock is up 3% in 5 years. Seriously how the he-l has the C-Suite not completely turned over by now? What are we missing here besides accountability and common sense?
@ck yup, I've even seen a few that still have the Sirius logo in their auto-sig, not CDW's. By this point if that's your MO, you should be let go immediately.
@bk oh no please, no acquired people --we need to bring in outside of cdw expertise that actually have proven themselves, not old left over execs from acquisitions that have never been integrated into cdw and hate the company and being acquired, they have no interest in seeing us successful-they just want Sirius back from 2016 and pretend they aren't owned cdw now
Education is tanking!
Only 2 people to blame for the bloodbath. CEO and CFO. Same people that take credit. Who has the ba--s to actually do something about it? There are only one or 2 Leaders in this company that I think I could actually rally around some type of change. Both are from acquisitions.
Investors can see behind the curtain...