Hard to run a company for the future with no investment.
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If you haven’t seen times where there’s a planned project in the capital budget that burns money but then ultimately doesn’t happen… you must be new. Be better at actual prioritizing and funding actual work of value. Also tilaks changes are supposed to radically reduce IT cap expenses per project.
Cutting like 6 layers worth of useless PMO could save a lot of capital expense.
$2.1 billion Coram acquisition (failure)
$1.9 billion Target pharmacy/walk-in clinic acquisition (failure)
? billion MinuteClinic investment (no longer talked about, implicitly a failure)
$10.6 billion Oak Street acquisition (private equity involvement, doomed to failure)
$8 billion Signify acquisition (doomed to failure)
Karen should be fired for those stupid acquisitions.
I mean spending $0 on M&A to generate $0 profit is better than spending $18B on M&A to generate $0 profit, so we got that going for us now at least.