In 2013 the stock was in the $65 dollar range. Now in 2023 it is under $40. During this time the analytics market has skyrocketed. This is a sad case study of under-performance. This is what happens when you have an apathetic board who lets CEOs and ELT members design stock and bonus plans divorced from revenue growth or stock price appreciation.
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Forget white privilege, go march against executive privilege where people like HA, KCC, and JW make 30-100x what normal workers make. The add zero value. Behind their gated communities they pretend to care and say bs like other lives matter. What a JOKE.
Many don't really it but engineering directors and above at TD are pass thru, no spine, and detrimental to the culture and their org but they are political savvy and hold over from previous acquisitions. What a waste of company money. No one who knows anything respect or trust them.
ELT + FAKE WORK + WOKE + ESG + DEI = RSUs + $$$ + LAYOFFS FOR WORKERS = END TD
I bet you could flush all the existing ELT + promote random developers to do ELTs jobs PART TIME and nothing would change.
Great comment on stock sales. Better point, no one is buying!
If you want to see how absolutely obscenely leadership is looting Teradata look at the amout of stock they're cashing in. This is happening while no new customers and products that are terrible. https://www.nasdaq.com/market-activity/stocks/tdc/insider-activity
I am offended by that statement as you presuppose that I self-identify as a ball or a numeric.
NC
Current ELT did not exercise sense of urgency when they came in, arrogantly think my way or highway, operated on ideology rather than collaborating with people in the know and address product issues, and now behind the 8 ball.
And don't forget the CEO brings his merry band of bandits.
How many more existing customers can Teradata skin before the rest catch on.
Teradata is not a long term plan. Everyone knows it.
Rip the bandaid off now and move on. It's not worth the hassle.
The CEO picks the board members. Then a couple get appointed “independent compensation committee” and they approve CEO compensation. What’s independent about this? Talk about privilege. Then they lay off thousands of struggling employees to fund their excessive compensation. No real governance at all.
Just to keep up with inflation the stock would need to be at $84 per share today. That $40 share today would only be worth $31 in 2013. Teradata is doing very poorly.
Where is the compensation governance? VL made huge compensation along with OR and now SM is laughing all the way to the bank. Other ELT members made insane money during this dismal time.