Thread regarding Citrix Systems Inc. layoffs

Kruse is authoring the failed CEO's cookbook

Historically, when CEOs are desperate enough to revoke WFH, they metaphorically flush themselves down the toilet. Ask former Yahoo CEO Marisa Mayer...who infamously pulled that card in desperation after she ran out of ideas to save Yahoo. Yahoo's employees subsequently nicknamed her "Evita"- a ref to Eva Peron, the former first lady of Argentina who had an outsize ego portrayed in the musical "Evita"

Following Mayer's mandate, Yahoo lost 1/3 of it's employees in less than 12mos. The remaining 2/3rds workforce couldn't get jobs because they were a mix or poor or mediocre performers.

Yahoo was sold for scraps and Marissa Mayer became a use case for poor leadership which Business School's teach as an case example of "how not to lead". IBM...another example, revoked WFH and now IBM is the logo of decline and erosion as they cannibalize Red Hat's umbilical cord. When your kids get to college, Kruse will be on the business class syllabus.

https://www.nytimes.com/2016/01/11/technology/yahoos-brain-drain-shows-a-loss-of-faith-inside-the-company.html

by Anonymous
| 2301 views | | 9 replies (last February 4, 2023) | Reply
Post ID: @OP+1kYQwcxv
Comment! It's anonymous!

9 replies (most recent on top)

he's prepping us so Tan-man buys us in a few years... lol

by Anonymous
| | Reply
Post ID: @3hrh+1kYQwcxv
What CSG have gotten is a puppet for Vista and Elliott.

More like a muppet. Is he Statler or Waldorf? Hard to tell.

by Anonymous
| | Reply
Post ID: @1fsb+1kYQwcxv

"That’s why Krause left there."

Up or out.

I think it's a big BIG assumption to think he "left."

by Anonymous
| | Reply
Post ID: @xbd+1kYQwcxv

If Krause was real CEO material, he wouldn’t have suffered the ignominy of having Hock Tan (who is 70 years old) sign up for staying on as CEO of Broadcom for 5 years. That’s why Krause left there. He wasn’t a real option to run the company. He wasn’t CEO of Broadcom Software. What CSG have gotten is a puppet for Vista and Elliott. He’s trash.

by Anonymous
| | Reply
Post ID: @mak+1kYQwcxv

"When your kids get to college, Kruse will be on the business class syllabus."

No chance.

This is small potatoes. AA ball. Adjusted for inflation, post collapse, Yahoo! was still a company of more significant magnitude than CSG even dreams of being.

Nobody will remember any of this except for maybe Robert Smith's beneficiaries.

Michael Dell alone made more personal profit in the sale of VMWare to Broadcom than the entire transaction price of the Citrix buyout.

Krause was demoted into this job.

by Anonymous
| | Reply
Post ID: @vnd+1kYQwcxv

"I tend to agree with the previous comment, but I think we should not under estimate him .. He is very smart for sure "

Exactly how is he very smart?

by Anonymous
| | Reply
Post ID: @jbl+1kYQwcxv

Marissa Mayer made a quarter of a billion dollars for that.

by Anonymous
| | Reply
Post ID: @nvy+1kYQwcxv

I tend to agree with the previous comment, but I think we should not under estimate him .. He is very smart for sure

by Anonymous
| | Reply
Post ID: @ynf+1kYQwcxv

I remember the fiasco created by Marissa Mayer. The rationale for hiring her as CEO, with no prior experience in that role, was that she came from Google - therefore, she must be brilliant. Clearly, she is a smart and accomplished lady but was 'in over her head' as Yahoo's chief executive.

Likewise, while Krause may be functionally qualified for a finance director or VP role, he's out of his depth when it comes to leading a company of diverse professionals in a competitive job market for tech talent.

If he was somewhat credible in this CEO role, then maybe he wouldn't appear to be so inept as a senior leader. So far, TK has failed to impress us, on many occasions.

by Anonymous
| | Reply
Post ID: @ccp+1kYQwcxv

Post a reply

: