1.0
Jun 25, 2012
Recommend
CEO approval
Business Outlook
Pros
Some colleagues are top notch -- but they're the ones who are leaving; Mission used to be important
Cons
Very poor decision-making by senior executives Focus is on short-term and not long-term Board unaware/closing eyes to mismanagement "Consolidation"' to Irving really a downsizing without any strategic planning as to who is needed Most experienced associates leaving Less than 30% of all corporate associates employed at time of announcement moving to Irving No planning for loss of key associates No retention bonuses paid to smooth transition Extremely poor communication from senior executives to the associates -- tout transparency while they "circle the wagons"