We need executive management at the very top to be an outsider. Continuing to promote each other within the executive pool is bringing the same culture and process. Literally giving you a pig and slapping different lipstick on them AND saying this is going to propel us to the future.
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Problem with at&t is that they can’t innovate. For years the strategy for growth was to go out and buy other established businesses for premium price and expect that they will save company’s revenue for some time. Nobody has a plan how to make new business growing and resilient to economic changes and customers demands. Nobody on the top is thinking out of the box. We need CEO like Elon Musk or Jeff Bezos.
Elliot Management wanted an outsider to replaced Randall, and they were quite vocal about it. They ended up holding their nose and grudgingly approving Stank...the rationale seeming to be, what external candidate in their right mind would volunteer to step into this quagmire? Better to let Stank and his ego flounder a couple years and fail, to a point where the business is eventually splintered up from the unfocused monstrosity it is today, which is really what they want. Then you can replace him with someone competent.
Donovan was from the outside. Fiona Carter was from the outside... How’d that turn out ?
Bill Morrow is an outsider. Wonder how that is panning out?
It does not matter insiders vs outsiders because the damage has already been done. The question is will the same people that caused the damage fix it or compound it? Either way, customers and employees are the ones paying for it no matter if an insider or outsider runs the show.
If you pay attention, there are outsiders providing input to the process ever since the investment company got in Randall's face.
The outsiders are mentioned often in town halls.
Outside leaders are hatchet experts and more willing to cut employees than anyone else. Not a solid solution.