https://www.google.com/amp/s/diginomica.com/elliott-management-targets-sap-the-background-and-big-picture/amp/
6 replies (most recent on top)
Not news but still a great article:
Elliot investing in a company like SAP basically equals management has screwed up to a point that a (smart) outside investor sees opportunity to get better results by coaxing the not-so-capable managers towards his/her strategy.
Not good for McDermott in many ways. Looks like its much more promising to invest in than to work for SAP in the coming year(s).
Wall Street owns Corporate! When Hollywood Bill went too far with over spending on acquisitions, Elliot stepped in and said that's enough! Bill tried his best NY sales pitch on what a great deal Qualtrics was but no one agreed. Even Mad Money Jim is still laughing. SAP is too late to the cloud game and they are in desperation mode now with all the cuts. Game over!
There is a lot of fat in SAP: people who spend their time just networking or creating confusing powerpoint, management travelling around the globe in business class for no outcome, etc. If Elliott can streamline SAP's organization, it will have a direct impact on bottom line.
SAP also needs to face the harsh reality: how many new products were developed internally in the last 15 years (before the M&A wave)? We could talk at length about SAP ByDesign, how much was invested, how many people worked on it and how many paying customers today........
All new SAP products have been coming from M&A, rightly or wrongly. And of course, it comes with issues as well like integration, UI, architecture, etc
Elliot pretty much comes in and eviscerates companies. Sounds like a deal with the devil, definitely not good for SAP. Crazy anyone would think this is good.
Agreed. That’s why Bill said as long as he is CEO no more big layoffs. He will be posting to this site within the six month Elliott strategy window.
Not so good stories on Elliot from many companies below
google.com/search?q=Elliot+site:TheLayoff.com