Share price collapsed 60% in Rauls 6 months whilst the stock market is at a high. The market has no confidence, this is a disaster.
He has recruited IBM cast offs and still kept the Accenture casts off who have shown they can't achieve over several years.
His been on the board for years but Its taken 6 months of Global Travel to work out there's too many Management Layers, processes, blockers, and duplicate back end systems. Cost of 12 Million. This was all public knowledge, what a waste of money. Analyst Brian Bergen pretty much told him to his face.
No positives mentioned in terms of growth, or employee recognition, this is the clearest sign for the analyst that nothing has changed. Its just about cronies at the top taking big money, and a non agile org full of management overheads and process which is focussed on cutting not winning.
In summary on thing has changed, in fact more cronies at the top and middle, its so heavy up there its sinking.