The legacy products were number 1 or 2 in the industry at one time. Upper management really didn’t care about the software evolving. They really don’t have a visions of the SMEs. All they really care about is money in their own pockets. They traded short term gains for long term lose. The working people are left hanging with mortgages while upper mgmt got their stock options and bonuses.
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Shocking performance in stock, market has no trust in otex. Stacked performance ratings and no or little internal progression means staff are being shafted left right and centre.
On average 2-3% increases for successful rated members. Up to 8% for exceptional with rsu grant.
Not all exceptional rated getting promoted. No trust from employees in management and middle management lost doing dirty work
Meanwhile the entire ELT is at F1 in Vegas
What a bunch of a--wipes.
No wonder our stock is getting is in the toilet.