Maybe if this “leadership” focused on enabling sales and expanding customer relationships to grow the business vs just cut everything to lower costs, juice the stock & try to sell or merge & make a couple guys a quick buck - they would be able to report good news. But hey, What do I know?
A simple post, but a truthful one from @12kbWdzd-imh
Somewhat agree with Post ID: @12lpAB9K-qyx but you need leadership with a “good vision”. The CEO is on program control from the two investors who’s reputations are clearly to inflate stock price and sell out. Darwin Deason even said in an interview he has no interest in running the business yet the CEO is getting his orders and pleasing his two cherished shareholders. Until these two share holders are out and you get a CEO who runs the business with a going forward vision & limited shareholder input, it’s all aboard the Titanic.
So this morning it was on the stock market channel that Icahn sent a letter to HP shareholders telling then to accept the $22 per share to sell to Xerox
How does the SEC not step in, Icahn owns shares in both HP and Xerox, how is this not considered insider trading?
Icahn wants out and to make a profit. This is not about building something, it's about leaving a great company leveraged to the hilt and taking out all profit and divvying it up among the very top so that in 5 years the company implodes - or what's left of it. Has anyone noticed that Icahn looks exactly like the character Phillip Price, head of eCorp on Mr. Robot? I'm not sure it's an accident. By allowing this administration to continue, we are allowing power and money to consolidate into the hands of the very few. We may not be able to save this company or any of the others on the Layoff but we can vote the administrations that allow loopholes and the erosion of labor protections out of office and put someone in that actually fights for fairness - or at least food, housing and healthcare - the bottom 90%.
Selling something other than printers would be a good start, problem is the company don’t have anything to offer and the sales force are unable to make the transition to sell new things. There are plenty of examples of that in the past where the sales force are unable to understand new offerings as they are too hard, so back to selling printers as it’s easy bonus. That was the flaw of the previous CEO - sell tin! The sales force are not at the right level to pitch strategic change in an organisation, so they are dealing with commodity procurement sales. Adding to this the current view of trying to sign any old deal, no matter how bad it is does not help either.
Havent they been trying that for the past 15 years? It's a declining market. Being nice to customers isnt going to get people to buy more printers if they don't use them anymore. So cutting costs is the best option at this point and then hope some competitors either merge or go out of business.