A 9% drop in share price yesterday following earnings it’s clear the CEO and leadership team have lost credibility and need to go. The board must act now before more damage is done.
Cost-cutting is on the table, look no further than Stephanie’s $21.2 million comp package in 2024. What exactly are shareholders paying for? She’s gutted the organization and brought in an army of consultants to do the thinking for her, since there are no real thought leaders on her team.
We’ve got a TPO Chief making over $1.5 million who shows zero commitment to talent, engagement, employee health, or well-being. Meanwhile, the Sales Chief is taking home more than $2.5 million and has no pipeline, no growth strategy, and no plan for expansion.
Next move: a major RIF. The message is going out to 700 Directors, VPs, SVPs, and EVPs across the company RIF action to land on 9/17.