TD has a good candidate to win.that national challenge: its Hawaiian-shirted CTO. He led TD to blind denial when Hadoop and furthermore cloud solutions emerged. Then, in the field, one can hear «don’t be diverted, It won’t work as promised», «appliances are here to stay», «business won’t put critical data in the cloud », «cloud is not fit for complex enterprise class workloads », «nothing really compare to TD», «TD has always been the undisputed trend setter», « catching up TD may require centuries of mandays in bright thoughts and hard work ». Within tech sales community, SB zealots were applauding and loudly saying Amen. And less than 24 months after the rise of Snowflake, DataBricks, AWS, GCP and Azure, TD began bleeding and even struggling to survive. Still alive but badly wounded.
With a mix of good sense, hard work and humility, TD might thrive again …. but being short of talents, time and money may be the obstacles..
4 replies (most recent on top)
Surely chappers is up there for worst c suite still in the company?
Inexperienced, out of his depth, only hires his mates (fraud) and has failed to deliver on anything since he started. Where is this big strategy he was meant to execute on 18 months ago? Strategy is about growing a business, growing revenue.
Measured on those metrics alone he is a failure.
TD launched a product for more than a year and haven't sold one single consumption unit, no new logos, and mass firing of key people with knowledge = a failing business model. You can also tell by the BOD selling their stocks on any window they have.
I'm afraid your hopes for TD to rise from the ashes are misplaced. The damage is too deep and turning around this ghost ship isn't worth the effort. The BOD is ultimately responsible, and don't seem very committed to much more than PE wipeout...and there need to be a lot more rif's before PE will touch it. And if they do, they'll finish the job and rif 2000 more. Whoever remains will just do enough maintenance to keep the lights on. Given the bureaucracy here, it may take a couple years more. But anyone hoping to develop their career should catch the hint it's time to move on
TD. Start to decline when Vic Lund joined.
TD internal Audit & HR will be fired in a sane company