Thread regarding Lowe's Cos. layoffs

HD Stock Still Double Lowe’s After 1 1/2 Years

In spite of all the changes Marvin & Co. has made, and continue to make daily, HD’s stock still more than doubles Lowe’s!

He continues to keep terminating Thousands upon Thousands of people, eliminating key roles and systems. All with the promise of how he is going to make things better. The question is better how? The customers aren’t better off, certainly the employees aren’t better off, and so far the stockholders aren’t better off!

Perhaps Q3 he can report false profits that are actually one time monies from his radical cuts and buy himself some more time.

How much longer will The Activist Investors on the Board give him?

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Post ID: @OP+1208mQJ0

12 replies (most recent on top)

DE Shaw and Ackerman, who helped foist Marvin off on Lowe's, have actually reduced their holdings. Both had over $1Billion, now both are under $750Million..... They are getting ready to bail before a massive collapse

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Post ID: @2wzk+1208mQJ0

I love that word , foist!
Thanks

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Post ID: @2zbc+1208mQJ0

DE Shaw and Ackerman, who helped foist Marvin off on Lowe's, have actually reduced their holdings. Both had over $1Billion, now both are under $750Million.

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Post ID: @2lwf+1208mQJ0

Cleanliness in our store dropped 50 percent over last two years

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Post ID: @2btm+1208mQJ0

And the stores are filthy

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Post ID: @1aog+1208mQJ0

Marvin is turning us into Blue Depot. A former HD employee started 3 months ago said he should have should have stayed. Marvin ruined JC Pennys and is doing the same to us.
The Board of Directors should Cut his 1.4 M salary and 6 M restricted stock option to save money.
Getting tired of waking up and worrying if I will be laid off.
It is very depressing work environment.

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Post ID: @1wpi+1208mQJ0

I quit after 16 years due to the scheduling and cut in pay that will happen in february.

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Post ID: @1lgy+1208mQJ0

Customers are complaining daily! Either no one is manning the department or the person there has no knowledge of the department. Eliminating the Pick Up Desk was a HUGE MISTAKE as customers are now waiting in long lines - instead of getting in & out under 10 minutes! This is not Customer Service...Marvin!

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Post ID: @fxp+1208mQJ0

What Facebook page brings you here?

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Post ID: @bdz+1208mQJ0

Customers at my store are so frustrated they stopping just short of physically assaulting associates in their quest to find help.

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Post ID: @fzq+1208mQJ0

Oh but wait, the minimum wage goes up another $1 an hour for California workers in January,
Where is he going to cut to offset that “controllable” payroll expense.

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Post ID: @svo+1208mQJ0

Things just keep getting worse by the day! Customers are walking up to me and asking, where’s everybody at, I can’t find anybody who can help me.

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Post ID: @trz+1208mQJ0

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