Advance Auto Parts has completely lost it's way with regard to employee loyalty since Starboard Value (the hedge fund) decided to take a stake in Advance Auto Parts stock.
Starboard is only concerned about how much money they can make short term, since hedge fund companies are notorious for cut and run tactics.
I seriously hope Advance shares continue to drop, Starboard jumps ship, and all the over paid execs are terminated. Only then could this company attempt to restructure itself.
That silly CT guy came to my store too. Spent all the time on the phone on personal calls and making insensitive comments about women and minority's.
Yep agree. Ever had that pompous little slimeball CT SVP over merchandising come to your store? Knows arrogance but not cars which why we have the wrong parts at the wrong time!
T.G should have given up 2million from his salary out of his 22 million and kept field working. Now stores get no visits and many loyal managers gone. Very sad. No leadership.
I agree with both of these comments. If JS from starboard pulls up to your building it's a joke. After he finally gets out of whatever stretch SUV he's being drove around in it just goes downhill from there. How very pompous he is to pull up like that. Not inspired. Not impressed. It's nothing more than annoying.
Hope he loses money, and backs out. I hope the outsiders that all knew better than we did lose their jobs. I'm not holding my breath though.
Starboard is looking to have the company purchased, end of story.