Figuratively and literally. 3XSQ, London and other layoffs and they are once again cowardly and silent. Pampering themselves at great company expense in Bali while cost cutting with others livelihoods. The weakest most incompetent and shameful self-described "leaders" ever.
No one Marvels at these DC Comics. Time for the ELT Endgame: Show some integrity, get off the sunloungers and stand up and lead. Or do the needful with your own jobs and quit. Upvote if you agree.
Now we know. They were out pan-handling the entire store to the LSE, securing their own excessive rewards and share options for their repeated management failure, while the new guys promise the Street yet more "synergies" ie job cuts. Disgraceful.
Leadership ? hahahaha...they should be called anchors. Take a look at who is in charge of the major departments at Refinitiv, how many of them have been in the company for more than five to ten years ? Most of them. They were given a billion dollars to build a product that could compete with Bberg, and it was squandered. They didn't gain market share, they didn't cut expenses, they didn't build revenues. But they remain in the management clique. And that's what is the cancer on this company.
The same people who failed still make decisions for the company, prolonging the state of demise. They refuse to make the changes needed to improve the company because to do so would mean they have to admit their previous failures, and that exposes them to being fired. And so as has gone on with this company for ages, the management team sticks by the same failed strats, and when they look to promote or hire new managers, they look for people who see the business from the same go-along-to-get-along attitude.
Talk with anyone who came from a competitor and spent time at TR/Refinitiv before moving on, and they'll tell you the same story. Its a company filled with managers who have little understanding of what their customers want, and whose modus operandi is don't shake the apple cart, and cover your a-- for as long as you can before the inevitable axe falls. Take no risks, tolerate no criticism, and keep taking a check until the owners finally wake up and clean house. Its been a stellar business plan, as they all have held their jobs for as long as they have. The only second tier managers to survive are the a---kissing puppets who were promoted mainly because they are trusted by their seniors to do exactly what they are told and not make waves or offer suggestions.
The day of reckoning is coming for this company because the cloud providers are lowering the cost of entry into the data business in a monumental way. Data provision is plentiful from many providers, and the big move now will be to use the cloud to provide applications, rendering desktops obsolete. Users will be able to soon shop for data at lower costs than ever, and then be availed only the applications they want through SaaS offerings. It will be like the Google store, you'll buy or download only the apps that you want to use. And that will be the downfall of the previous giants of the field, as they won't be able to move their desktop apps to the cloud and change their pricing models fast enough to compete with what already will be out there by the time the behemoths realize they are endangered.
At the end ...page 15
https://investors.thomsonreuters.com/static-files/74e86a58-434c-43d5-9ac5-95de1832e55b
Tucked away in the results that TR announced yesterday in an appendix , did I read correctly that Refinitiv lost over 200 million in Q1 2019 ?
Or was it just funny accounting to avoid tax ?
Leadership is what they say and what they write.
Self-promotion is more what they mean or at least what they should write.
The opposite of leadership is self-promotion, exactly what Blackstone is.
Who is Fattie D?
„I am proud that after we have reduced staff in SAM by 20% we have hired back 308 heads..“
Nice townhall of fattie D. announcing useless awards and bragging how nice it is to lay off and hire back people while you continue destroying lives and families while highlighting you spending your time on Bali
and how sad that DW missed the cherry blossom peak by a week on her jolly to Japan. Where's the humanity?
How can anyone so out of touch be in a leadership position is beyond me. Has anyone told Blackstone or are they just as out of touch???
Don't be so harsh. DW was working hard on her 'Postcards from Bali'.