Everyone's right. Millennials ARE the future yet they ARE the problem (through no fault of their own) for Mattel, every other company, and the USA in general. Fix us quick, M-Go & Donald! https://www.youtube.com/watch?v=As8XkJNaHbs
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Millennials believe everything the mismanagement tells them. Their doe eyed naïveté is helping ruin what’s left of the company. So it’s the idiots leading the morons here.
how is bob the builder performing? that was a millennial led team.
Only a bankruptcy or buyout will get us back on track. Current mismanagement is treading water, delaying the inevitable while feathering their nests and doing damage control to their careers. Don't believe for a minute that they care about you or Mattel.
They have no answers indeed. Their own screwed financials have locked them into making the same things over and over because of the bloated margins they have borrowed against seasons into the future. So there’s no room for any real innovation or money to put against any managed risks that may have any long term returns. Simply put: they can’t stop the bus to fix it because they’ve oversold the tickets and they’re on a one way road going a hundred miles an hour on all flats.
So it doesn’t matter how often you change the driver (CEO). You’re still in the same pickle.
Those at the top will probably put all their efforts into a merger, b/c guessing they have no other answers and, judging from what I see from the published financials, the cast of characters running the co. will probably be interested in protecting their own wealth and, I guess, shareholders. Will be an interesting year.
Millennial slackers! Useless entitled generation.
True! Mattel shouldn't have removed so much "experience" from the mix. These entitled youngsters simply cannot foresee the future as well as those of us who have been around the block the hard way. Their decision making is thwarted. They take risks because they have no history to fully compare and think things through. Their distain, arrogance and self grandization isn't helping their cause either. I have seen their Facebook posts during the layoffs saying that the 'dinosaurs' have no place in this progressive company. Well All I can say now is... when a company like Mattel cannot get it's stock to rise in this historical bull market - they have lost everything.. I will not buy Mattel stock knowing what I know and I know this group will ever be capable of pulling Mattel out of the abyss.
Enough already with the millennials...so many see them as a problem for our culture with their laziness and entitlement, etc. but blame their parents' generation, participation trophies, coddled, taught no manners, etc....BUT they are NOT the cause of Mattel's problems. POOR LEADERSHIP appears undoubtedly Mattel's problem, starting at the VERY TOP, including the board and down from there. I hope the company turns around, but it looks to be completely rudderless...this is an outside perspective of someone who cares about the company.
Yes at some point if your collective experience goes down you will end up making the same mistakes.
What choice is there? How about keeping the people who have experience and know what they are doing, instead of replacing them with these know-nothings/do-nothings who will work for half the salary?
On one hand I can see the benefit of a corporation trying create an environment that’s conducive to the growth of this generation. But on the other I ask why it’s the company’s job to fix a problem it did not create. Thereby reinforcing the lack of personal responsibility that’s evident in them. And the logical answer I can come up with is that all companies are stuck with this workforce whether they like it or not. To establish a reliable workforce will require an investment in people. Yes they’re entitled and we probably have to surgically remove their phones from them. But what choice is there other than going completely skynet?