Thread regarding Rent-A-Center Inc. layoffs

Speese started the turnaround

All this noise about no merger because the turnaround is working. Who started this turnaround plan and was against selling from the beginning? Mark Speese. Mitch Fadel should be kicked to the curb. Bring back Mark and let Mark finish the work he started! I think Mitch turned against the sale when he realized the sale completion date would be after Dec 31, 2018. Something about a big bonus if the sale completed before 1/1/2019?

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Post ID: @Xbu3uIh

8 replies (most recent on top)

Mitch is a puppet for the board. He has no balls to lead this company himself, only take orders like a fry cook at McDonalds. Mitch is only concerned about himself and his title. He loves to say one thing and do another and that is because he is only doing what he is told.

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Post ID: @Xbu3uIh-whfm

2 very large franchise deals done in the last 45 days, rent a center is selling stores in blocks of 40 or more. Smart move, they are guaranteed $$$ from the royalties. Rent a center is mimicking aarons business model, how flattering for aarons. Lol!

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Post ID: @Xbu3uIh-hsyq

Did anyone not know Mitch was on the side of those investors? Bacesause there were public reports showing this leading up to Speese’s exit.

... Second exit. The second time Speese quit is what I’m referring to.

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Post ID: @Xbu3uIh-flox

Well, the first time I’ve ever worked for a company where the CEO changed three times within a four year period. Very interesting.

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Post ID: @Xbu3uIh-4yol

Key word franchised

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Post ID: @Xbu3uIh-1sjc

Anyone investing in this company is crazy.

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Post ID: @Xbu3uIh-1kcz

The turnaround is like the fake rentals that are put out and all the extensions used to hit credit. Lol! Do not invest in rcii!

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Post ID: @Xbu3uIh-1erd

I agree about mitch, but there has been no turnaround, just a bunch of cut backs and closures. Look into rac stores that have been franchised, that is real turnaround.

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Post ID: @Xbu3uIh-hxi

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