In this region they rented conference rooms in a hotel away from the regional office and have obvious security in place. My guess is that Real Estate and construction will take a big hit followed by support staff. I would like to see half of the operations people take a hike as well.
The culling of the McFamily.
Desperately hope Thompson and Wahl will be the first to go!
This has been a poorly handled situation from jump street. They should have made the cuts 2 weeks ago. No one has been focused on the business. Can not get answer on anything. Who will be the next CEO? June or July is my guess sometime after the shareholders meeting.
Rumor and hope abounds that Mike Roberts is being consulted about coming in to "right the ship" I have asked people in the know on this and they will not confirm or deny it. He is a really good guy but has some rough edges and takes no prisoners. They are looking at how good things were going before Jim Cantol. died and how it became so bloated afterward. Talk about "taking our eye's off our fries" They took our eye's off the entire business end of the business. Clearly, the issue is leadership. Thompson just doesn't have it and neither do those around him. This is a street fight and those guys are kittens in this environment. They take a defined problem and study it to death rather than overpowering it. They want to "manage" it away when they should just pull the plug. The board needs to clean house at the top and start inviting customers back into our stores. I just don't think they know how to go about it. They will hire outside consultants to give them recommendations to hide behind. If the stock were to drop $20.00 per share you would see some action then. Its going to take something drastic to get them aggressive, I think.
I seriously doubt Mike Roberts would be coming back for so many reasons, just rumors. He was a good leader.
Thompson out March 1!! Easterbrook in.
Post a Comment