After carrying the company for the entirety of 2023 aero has gotten off to a slow start and let me tell you, the ALT is FUMING!! They dont care about how much money we made them last year; that was last year and now they want their q1 bonuses. They are already telling us to expect "cost reductions" if we don't hit these impossible numbers. I guess it's easier to hit the targets with less people? If that's the case why do we have all these employees? Just reduce the sites to 10 people or so and the targets will easily be met. Jokes on them though, I'm excited a bout getting a severance and an early parole. You don't scare me, J.C. Your predecessor M.M didn't scare me, either. You guys are all the same - incompetent blowhards
10 replies (most recent on top)
Also thank joe biden and the deep state.
Think Boeing.
THINK BOEING!
lol so many afraid to let the old stuff die.
Too bad.
@1bpb+1r6fM5od. -- you dont understand business. It does not require investment to fix honeywell. It requires DI-vestment. To fix honeywell you must shut down all legacy products that dont have profit margins in target. Simple.. to grow honeywell must split up and use the cash to move into new markets. This isnt about investing in legacy stuff that will be disrupted by macro trends. We are following the GE curve (sans the financing arm.. which matters). Go read the history of GE and pay attention to employee counts.
If you want change, everyone just needs to go home after 8 hours. Period.
Nothing will get directors and VPs fired faster.
And the corporate level will get the message that they went to far.
But it won't happen. Aero employee are spineless. They complain but don't do anything. I was a manager there, I sat in the room with directors and a vp laughing about the survey comments because complaints mean nothing. The employees still work the hours and they don't quit.
The only time they EVER took action was if rumors if a union were floating. Then we were to give talks about how evil they are. They even fixed the vending machines once for that to try and perk up people.
VK risks his tenure if he tries to turn the ship. Why?
Because it will take huge amounts of investment to repair the damage and start being an innovative company again. That will be temporarily detrimental to the stock price which is unacceptable to the board. So?
VK will continue in the same vain as DA to feather his nest while he still has the opportunity, expect more of the same folks.
Post ID: @fbl+1r6fM5od You hit the nail on the head chap! All been a grift to prop up quartley results without actually building the business (actually robbing it) so C Suite can collect their bonuses! The business is anemic now from all these vampires! The price will have to be paid at some point.
HW has been pulling in work, material etc to make each QTR. I've always thought this has to catch up to them at some point.... Maybe it finally has. The CPA's that help them cook their books should turn in their acredications.
Interesting, I am hearing from a number of people that the impact of the shenanigans of the past decade are catching up with Honeywell fast across all businesses.
This year could see the tipping point.
My own observations are:
The decimation of R&D and NPD to boost current financials by robbing the future is now really starting to be felt. Wall Street is really picking up on this too.
The offshoring has massively impact standards that could take years to rectify.
The disdain and cheap skating/abuse of customers and suppliers has probably permanently ruined our reputation.
The elimination of highly experienced and qualified staff has rendered us incapable and incompetent, the price of that 'cost saving' is eye watering.
Constantly diminishing employee benefits and the abuse / manipulation of employee law (such as furloughs to boost quarters, vesting periods etc) in conjunction with the loss of reputation is severely deterring new talent. I interviewed for positions recently and had the worst crop of applicants in all my career.
Is it too late to turn the ship? I think so.