If the board members actually do their jobs. The CEO and upper management are within 6 months of losing their jobs. Can't come fast enough and should be interesting. The next CEO or company that buys Kelloggs will have their hands full. It will be called project damage control. Lol
6 replies (most recent on top)
I agree with all the previous posts. CEO' s and boards are very incestuous: a CEO from GM might be on Kelloggs board and vice versa. One hand washes the other.
To the person that doesn't understand. The CEO got his job because the last CEO couldn't grow the company. Johnny boy is in the same boat. Can't figure out how to grow the company. So he went a different direction which will be even worse. But you are right about one thing. They all make way to much money and probably don't care that much. Their loaded
In reply to the person referring to people as peons. Don't think you are part of the so called "Kellogg family" We peons are the ones who never got a break, a lunch, worked long hours, neglected our familys and worked weekends. Why? Because CEO's never were out on the field seeing how things really are and how the stores were changing. They sat in their offices kept dreaming up new ways to spend for training sending useless emails all day. So glad they spent all that money on stay in front training knowing this was all coming. Or installing expensive cameras in delivery trucks a few months before they told us all we were losing our jobs. And you want to talk about waste why is there 20 different flavors of cheese its. They know nothing about what customers wanted or the stores wanted. So lets see how they do now without us peons!
You peons assume the job of a board member is to grow the company and increase profits and revenues.
Why would you assume that?
No, their job is to extract as much wealth from the company for themselves as possible. Therefore, the board members are doing their job just fine.
Time for the peons to wake up and understand the true nature of corporations.
They are in trouble. No real board member or stock holder cares about how much money your saving by downsizing. It's not hard to fire people to buy a couple of months. They want a growing company not a regressing one. I wish the CEO and his people good luck because they will never make this work. Never!! Bad advice from a lot of people up top.
Tru dat my friend, game over, its my last week for work, I'm just going to ride around and ping my phone, not going to get out of my car, lol