There have been too many inefficient hires into the ELT - after Maria others need to leave and their work load needs to be shared among the others.
This company needs an activist board - we seem to have a sleeping board with an ineffective ceo.
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The Cisco CEO is a board member at BlackRock. This is a conflict of interest that hurts all employees and shareholders…but benefits him.
That needs to be fixed.
Fine - being careful on what to wish for and keeping in mind that we seem to have an uninspired bunch (only interested in lining their pockets) leading some serious innovators and doers in the ELT.
What would a successful visionary accomplish - say we get a new CEO and get rid of the useful fat in the ELT - and what resources would they have to get this done?
Splunk looks like a misguided arrow thrown into a dark alley that has a blazing INNOVATION neon sign on it. I, as some others, are wondering has this ELT run the resources into the ground that this cash cow used to generate.?!
There are too many activists on the board now. The place is nothing more than a funding source for garbage causes and the ELT's wallets. No one wants to run a business from the top down to most (not all) sr director levels.
An effective activist will get rid of most of your "developers" as well as all their leadership. The hard part is hiring people who will take on the work of righting the ship with one stable, unified, modular operating system that actually works. Once done the majority of the development budget isn't wasted on bug fixing it can then go to "innovation" with no guarantee what you create will lead in those new markets. Easy-peasy!
Noting you can do activism with a minority share, who has that kind of money and wants to take that kind of risk? The point of most investing is to make money on the investment. I've seen people celebrate Musk but he blew 71.5% of $44B multiple investor's money just to say "go F yourself" to advertisers while 75% of the staff were tossed into the street with essentially nothing before they sued.
Be careful what you wish for.
its great to be king. people come in fast, make their lasting damage mark, blow through and out. meanwhile our stock su-ks and barely moves. losing to competitors all over the place. need a visionary and soon or exit
I’m still trying to understand how this ELT could not see the writing on the wall that networking gear takes a lot of time to adopt by customers. INSTEAD: they’re told us ohh we’ve sold too many devices and so customers no want to buy from us.
The current state was a year or more in the making and yet they don’t seem to have invested in helping customers adopt their products faster. Not apparently incentivized adoption for customers.
Wow - sleeping on the job and lame. Keep blaming the market, temperature, weather and other weak excuses and keep signing their own compensation and RSU checks.