So the CEO is a very solid front face and talks big vision. Typical CEO and seems like a good one but the level below him is where it seems the circus crew begins. CPO reads text off deck, word by word (read as inspirational), the long gone CDO used to make ridiculous digital sales goals of which we have achieved like 5%, the COO came in g-ns blazing promising multi $100M savings but ended up blowing more money, CHRO who thinks existing talent is junk and keeps bringing on new talent adding top layers and to top things off the CFO just watches the financial mess unravel helplessly. Perfect MBA case study for how a new C-level can sc--w up a decently growing company with superb CEO.
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“Change Program” leader encourages layoffs while getting a huge raise…
Hmm
“In March 2022, the HR Committee…approved an increase to [KR’s] base salary and long-term incentive target to better align her pay with the market and the impact of her role.”
KR total annual comp increased to $4.2 million from $1.8 million.
Page #66 and #90
https://ir.thomsonreuters.com/static-files/9bfa1bf8-5e87-4c23-a0ab-63c2dcfb8990
If you bought in on TRI stock five years ago, you are up 106%. If you bought in on the SP500 at that same time, you are up 73%… Better to be an owner than a worker, I guess…
I nicknamed this place "D-mbo Company" a long time ago. The place was/is dead from the neck up, and, I mean up to the Board. Thomson family should've divested a long time ago and invested in SP500.
Former D-mbo
Thanks very much for answering. Figured out who KS is now. But someone wrote “KS and her minion SK” so it doesn’t seem like the CEO (SH) could be her minion.
I get why we use these initials but are they a requirement of the site or “workaround”? It’s a bit unfair to talk about ppl but at the same time ppl want to vent when treated unfairly or when they perceive the same. So using initials leaves a bit of mystery (or confusion!)
@4eqz+1gn6cqZX
KS = former CDO who left in December 2021 (admired and respected but was pushed out)
SK is actually a typo, should be SH, current CEO.
Who’s KS or SK?
Put your blue chips away and Be Anywhere Else now!
The new CEO has been seen leaving the bathroom without washing his hands. Stop defending him, he’s nasty.
Get your blue chips out and Be Here Now!
SK is hawt! He can synergize. pivot, and ideate my low-hanging fruit and move forward to align our
value proposition anytime. Further. we can circle back on our cloud (outside or inside my box) reaching out up-level on our snackable content but you cannot know what he doesn't know. At the end of the day, we can be agile and take it off online to touch base, move the needle, deep dive, disrupt, lean-in, disrupt, and leverage our value wheelhouse. Mmmmmmmmm. Yummy!
“… seems like a good one…”. Depends on how you define good. I can’t see how continuous RIFing of some very hard working and knowledgeable employees is good, nor the loss of a lot of institutional knowledge. Where is the vision and growth plans for the company? Of course the share price will increase when you have a plan of continuous RIFing. Why hasn’t the excessive numbers of managers (many of whom, in my opinion, are virtually useless) to staff on the floor ever been addressed? It costs big money to carry dead weight. Why the use of outdated managerial techniques such as micro managing and mood elevators still being used? It’s sad and delusional if you think these are good.
The CEO is a McKinsidiot. No thank you. Dump the whole product management organization. Customers for TAP, ATP or whatever tax and accounting are called these days rise up and say enough of this bs and demand a focus on efficient software that is accurate.
The CEO is one of those "pretty" but superficial people you can prop in front of a camera, a board, or analysts.
CEO seems good? Are you serious? He's been in place for over two years now and has been driving his clown car into the ground. It does not take a good leader very long to assess the talent on an existing team and clean it up if it needs to be. The first step any leader takes is to surround himself/herself with the best talent possible. I'm sorry but this CEO has performed very poorly. I see no leadership skills in the guy at all. On his appraisal, he should not even get a partially achieved. And Financial performance alone can be very deceptive. You have to dig deeper and understand forward indicators. Of revenue increases, what percent are price increases on renewals? And what are the retention rates on products in units? What is the increase in the customer base? What revenue is coming from pure new sales, rather than add-ons? What new products have been introduced lately?
And then there are customer satisfaction levels and employee satisfaction levels. I could go on and on. Two years in, where are concrete results?
This guy has built a series of silos with a lot of finger-pointing. It's interesting that he thinks he's building the opposite.
Did not achieve. By a long shot.
How can a CEO possibly be called superb if their team is as you describe - surely its their incompetence putting/keeping that team in place?
Spot on assessment!
I think OP referred to KS and her minion SK
Long gone CDO?
Who?