Interesting article about how Staples "cherry picks" what to disclose during the quarterly earnings call. Shira glossed right over that $815 million dollar loss. She says they are right on track. For what??? Bankruptcy? Someone give her a reality check. You have no one at the top who can innovate or do anything to save the company.
https://seekingalpha.com/article/4079856-staples-darn-pesky-gaap-numbers
Staples used to be a good company - I give them a year or maybe two. Yes, the executives will get their golden parachute and the little people will get nothing but a boot in the @##! It is so sad, but at the end of the day, they just don't give a damn about the employees! Shira never should have been put in the position that she has now. Just because someone has gone from department to department does not mean they know how to run an entire company! She is WAY over her head and she knows it!
Shira doesn't care what any private buyer does after the sale as long as she gets a nice golden parachute
the buyer for one of my previous employers liquidated assets as quickly as possible and reduced employees by 50% over the first year, which meant twice as much work. The 2nd year they slashed all the benefits, etc.
good-bye to catered lunches and gym memberships.
Shira doesn't care....her primary interest right now is to fins a private buyer for Staples and cash out.