Instead of laying off the people who do the work, the executive team needs to look at themselves. If you have that many quarters when numbers are being missed, leadership should be losing their jobs. Instead of spending money on off-sites, sponsoring sporting events and food to get people to come into the office to do their jobs, that money can be saved. CDW is failing its coworkers and investors.
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"Success means never being satisfied."
"I give Chris Leahy a lot of credit. She somehow managed to ruin a 30+ year old successful company in less than 4 years."
- Former CEO Tom Richards must be rolling over in his grave. It was great when he was running it. There are some coworkers who survived who say that the business needs to evolve and adapt...sure, Tom Richards had to go through that before and there's a wrong way to go about it and unfortunately CDW leadership made colossal mistakes with poor strategy, platform rollouts, integrations....all with poor timing in the midst of a tech slump. Leahy seems much more stock performance focused and catering to investors, which in turn obviously helps her with the massive stock options she's been granted.
Leadership/Executives have seen their bonuses bump up year after year but the rest of the workers haven't seen bonus increases and have been barely making/meeting bonus numbers.
Sona Chawla can't complain either, she sold $5.M of stock this summer. Then on the same day it appears she was also granted $2.5M in what looks like stock options granted as part of her comp package.
https://www.investing.com/news/company-news/cdw-corp-executive-sells-over-59m-in-company-stock-93CH-3491032
I give Chris Leahy a lot of credit. She somehow managed to ruin a 30+ year old successful company in less than 4 years. No matter what she will come out just fine on the other end and sleeps well as she sends pink slips to the people that made the company that it is today.
Oh, You're welcome Chris.. I know you are reading this.
there's one lesson to be learned from this story, it's that companies cannot afford to settle for mediocrity. Simply staying the course and relying on the past successes is a recipe for disaster. Innovation, creativity, and a willingness to take risks are essential to remaining relevant in an ever-changing business landscape. The dominant form of mediocrity - "that's the way we've always done it" - must be banished, and a culture of continuous improvement must be embraced.
Exactly…