Is it too late to reverse the negative impact on Avaya caused by previous and current management? This is a legitimate concern for those of us who plan to stay here for a while (unless we're laid off, of course). The effects of poor leadership and decision-making can be profound and long-lasting and in some cases irreversible. Have we reached that point yet?
4 replies (most recent on top)
I think you know the answer to your own question.
AVYAQ up 150% today! 10 shares for a penny! Who says there's no hope!
***Avaya, “[s]imply did not have the time to go through
another bankruptcy – this was not 2017 – and the product cycle and competitive landscape was
different, and that the disruption would destroy the company.”***
- -- Alan Masarek, August 31, 2022
CEO ANSWERED YOUR QUESTION --(per the BK Legal Court Filings):
Mr. Masarek made numerous representations to Mr. King intended to comfort Mr. King with his direction of the company as its CEO and the company’s likely future as well as its liquidity. By way of example, during the call, Mr. Masarek told Mr. King that, “I have said this publicly and to the board when I joined that I am not a restructuring or Chapter 11 CEO and that I would resign [in case of any bankruptcy].”
He also stated that Avaya, “[s]imply did not have the time to go through another bankruptcy – this was not 2017 – and the product cycle and competitive landscape was different, and that the disruption would destroy the company.”
Avaya missed the UC and CCaaS opportunity years ago. Two Chapter 11’s in a few short years make a turnaround impossible. The company has what trust it had remaining. I expect Avaya to break apart into pieces and get auctioned off.