Days like today are always tough. When smart, hard working and loyal, good people get let go from doing their jobs to assuage the hubris at the top. Every single layoff has a personal and professional impact. I think there is growing frustration at NetApp that GK, our President and SVP of Comp to name a few continue to be here despite years of stagnant growth, lack of vision and being completely disconnected from field teams and customers. Everyone with a brain cell knows $10B by 2028 is not happening yet GK and executives keep pushing the same BullS*** narrative. Unless we get acquired or acquire a company it will not happen organically. Why not make $8B a realistic goal and stop the gaslighting. It's time for Executive leadership to be held accountable.
7 replies (most recent on top)
@a3 well said.
@OP C level are embarrassing, they are clueless. The people doing the work are kicking down doors and taking orders, and getting rewarded with 3% and no stock in 5 years. Whereas the C level staff are getting huge increases and stock awards for nothing. 10Bn, sales leadership all need to go.
@a5 - "American-style growth-at-all-costs" is what the shareholders pay management to do, otherwise they would hold shares elsewhere.
Is that growth in the room with us right now?
I haven't seen it yet. The problem is incompetence. If they knew what they're doing, we'd be growing and hiring.
@a4 George is 59, Michael Dell is 61, Bill McDermott is 64 and Jensen Huang is 63. This has nothing to do with age and everything to do with incompetence, lack of vision, execution and the inability to get from $5B to $10B which requires a whole different kind of leader. Perhaps less focus on DEI initiatives and more focus on big deals and strategic partners that will bring in more revenue.
You don't get American-style growth-at-all-costs companies without this kind of cycle, which inevitably ends in acquisition or bankruptcy. Leadership doesn't care because stockholders just want line-go-up, and they'll get their golden parachutes before it all goes ti-s-up.
you do realize he's just buying time right? the man is old and knows that his replacement is on the horizon. He simply cannot keep up with the market anymore and is making a couple more million before his era wraps up. everyone including wall street knows 10B is never happening
And if anyone was at FY27 Converge sales kickoff in Vegas...when Cesar came onstage for the first time to "rally the troops", you could hear a pin drop. The silence to a President was deafening. No excitement, no standing up and applauding, no yelling "Whoot Whoot"...this is what happens when you lose all credibility and trust from some of the most important people...the teams directly responsible for bringing in revenue. Miss the days of Tom Mendoza...authentic energy and charisma who would run through a wall to help close a deal.