2.0
Jan 11, 2013
A case study in how NOT to manage a "turnaround"
Anonymous employee
Former employee, more than 10 years
New York, NY
Recommend
CEO approval
Business Outlook
Pros
- Generally, smart, hardworking and friendly coworkers - Collegial and collaborative atmosphere amongst the rank and file - A long, proud tradition of success
Cons
- The new senior management team, which joined in 2011, is completely out of touch with the employees. Morale could not be lower. - The industry is experiencing struggles in general, but senior management is attacking the problems with very little imagination. Cutting employees and leasing costs will not create growth.