If you’re a former employee and you want a laugh, or a current employee and you want to cry, check out the article. Andy told investors that revenue will outpace expenses in the coming years. He spent the last 5 years eliminating producers and replacing them with people who make good slide decks. Who does he think is going to generate this revenue? Alternately, how much more can he cut? Or is he counting on the Fed cutting rates to boost spread revenue and then he can take credit for “growth”?
3 replies (most recent on top)
AC has been saying this for a while. This should not be new news to anyone. Production is down, revenue is down, and the intention will be to increase that and reduce expenses. However, when it comes to reduction of expenses, I don’t see the glorious offsites being canceled. I see stupid things like, you can’t have a third monitor or cramming a lot of people into a very small space.
Get ready for a bumpy ride if you wanna stick it out. The locations will likely fall into disrepair and money will not be spent to replace furniture or fixtures. Make do with less and keep your nose to the Grindstone and drive that revenue …. there’s your mantra.
The investor media has seen a lot of snazzy presentations, piles of logos and corporate swag all over Wall Street and all of the corporate speek buzz words synergy and robust dynamics, but when given an abundance of assets and efficient operating business lines and all you do is waste and spoil that position, there is nothing in a presentation or pitch that will change what your 5 year financials and revenue runs really look like.
Slide decks make for slick presentations but of the content is bogus, it doesn’t matter.