That's it. That's the post.
15 replies (most recent on top)
Who’s getting laid off next
How incredible it must be to be AH
no real talent, business acumen, but just happened to "intern" at 2U in 2008 and found himself sidled next to someone who was willing to hand him the world on a silver platter.
Seriously, how many incredibly talented, savvy, hard working, intelligent people came to 2U AFTER AH? How many people with more experience than a brief internship, more education than a BA in Sociology, more ideas, better communication skills etc? How many people at 2U who did their time in middle management, directing, and even entry level could have had the role he did all that time? Where would 2U be today if they chose super important roles based on merit and not convenience and favoritism?
Would AH be where is career wise if he had joined 2U after he graduated college? A BA in sociology alone is not enough typically to get a position as a VP. He would have had to start at the bottom.
But he didn't because it's not a meritocracy and now here we are with incredible people desparate for a job in a difficult market while Andrew walks away with close to a million dollars in bonus.
The execs getting their "golden parachutes" before the whole thing goes under.
They're securing their own bag before there's no more bag left to secure. It's very obvious.
@1zmo+1sDc8oLT a VP at a failing business reads a lot different than a VP at a successful business, which healthy companies would vet. The fact is that none of the executive team will be looked at as a positive addition to a healthy company at this point, which only adds to their need to line their pockets at all expenses. The fact that we have nothing to protect this behavior is appalling.
@2lnb+1sDc8oLT ...all the while griping about people using UPTO. "oh no, are cr-ppy marketing attempt at swindling people into working for our scammy company is backfiring! they... they want time off!"
Id--ts. I hope they all get audited.
Absolute sc-mbags. basically siphoning off all the cash until the co bleeds dry
They issued the executive bonuses now because once 2U declares bankruptcy, those bonuses would be illegal. Lining their pockets while they still can. Sick stuff.
Given 2U’s income is largely dependent on federal student loan dollars, we can only hope these people get dragged before Congress at some point for their soulless greed.
1pva+1sDc8oLT - that’s so funny I was talking to my dad who has been CFO and board of multiple companies about this too, he was horrified. He recounted when the c suite of the company he was board on had a big loss year and the c suite elected to not take a salary until company turned around. That is leadership and inspires dedication to the company to employees. What 2U is doing is the total opposite.
@1dcb+1sDc8oLT retention bonuses were announced two months ago because the company's #1 priority was retaining the leadership team at all cost. But the CTO is resigning at the end of the month.
so their d-mb and very predictably cr-ppy plan didn't work but aw shucks I guess they might as well keep the retention bonuses
ur the one who needs to study business dude
@1zmo+1sDc8oLT yeah it's quite laughable. ZERO business experience outside these walls. But hey, VP looks good on his resume so he'll have a soft landing regardless of what happened at 2u.
Never forget that Andrew was a VP at 2U before he completed his undergrad degree in sociology. That is public on his LinkedIn. He does not have a business education. He has never worked at another company, he learned everything he knows from ChipChop, and has contributed to the tanking of this company from day 1.
Funds in leadership. Help in securing a strong foundation. TWOU needs a strong foundation to recover.
Study businesses at a high level and you’ll get it
Exactly. Why do you think they had more layoffs today? Can’t get blood from a stone, and you can’t get c-suite bonuses out of thin air and empty pockets.
This place and the "leadership" here are terrible. Can't wait to get out.