Six years is enough time to judge a strategy and its results. Nothing has improved.
Leadership shouldn’t be evaluated by speeches, memos, or slogans. It should be evaluated by results.
Has the company become a more attractive place to work? Has it become easier to recruit top talent? Has morale improved? Has the culture become stronger? Has the strategy delivered the long-term results shareholders and employees were promised?
Those are the questions the board should be asking and the answer to every single one is NO.
I think it’s fair to ask whether the current strategy and the leadership behind it is the right one for the company’s future.
No leader should be immune from accountability. A truly market-based culture should hold leadership to the same standard it expects of everyone else. Nobody else with this poor performance would still be around. Get this loser out while there’s still something to save.