First Solar reviews

3.7

70% would recommend to a friend

(183 total reviews)
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Mark Widmar

86% approve of CEO

62% positive business outlook

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183 reviews

Reviews about "Compensation"

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3.0
Feb 4, 2014

Great While it Lasted

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Great benefits, fair salary, wonderful, talented colleagues. Generally relaxed working atmosphere. Great location.

Cons

Seems to be a continuing problem with bringing in too much outside "help" in leadership, leading to iffy decisions that ultimately led to a mass layoff in 2012, plus factory shut downs. All was going fairly well until they switched leadership in 2010, from the founder to outsiders. Company should have promoted those who built the company, i.e. instead of bringing in Honeywell's Rob Gillette to be CEO (who admittedly had no experience in energy), they should have promoted Bruce Sohn, then President. One wonders how things would have turned out then? His heart was in it as he built the factories and processes to make FS the massive success it was. He was an avid promoter, MIT grad, and perfect spokesperson for First Solar and its mission. Once they hired Gillette, and the dedicated leadership saw what lay in store for them, they were either pushed out or chose to leave. Then more people came from outside. And more. We lost some very talented people, hundreds of them, simply because of this shift. Gillette was fired within two years with 30Mil in his pocket for helping to bring the company stock down almost $100 a share...the people they laid off in April of 2012, 2,000, equaled his escape money. Bizarre. The founder took the company back, but by then the market had become depressed and it was too late. Enter Jim Hughes, "the cleaner" and lay offs ensued for two years. First Solar continues on, but in the long-term, to where? The solar market is a tough one, and will continue to be. Strong, stable, truly dedicated leadership is necessary to navigate through the tough times and make the most of the plentiful times. I wish them every good fortune.

2.0
Jan 15, 2014
Recommend
CEO approval
Business Outlook

Pros

1. FS technology and the right talent to drive energy efficiency up and cost out of the products. Raffi get's it, he's trusted, he needs more resources, but is ham-strung by HR. 2. The new executive leaders are now finally beginning to understand the business.

Cons

1. Accountability for sales or lack-of-accountability for sales has been FS's company performance anchor. 2. Too many Chief's, not enough Indians. It's easier to hire a VP (at $300k) than support staff (at $40k), therefore senior-level leaders wasting 35% their time doing low-skill, individual contributor-level tasks. 3. It's been two years of death-by-a-thousand cuts and there are too many positions which are "single-strung." In other words, when the employee terms (either by choice or RIF) so does their experience and the learning curve for many positions is 12 - 30 months. (see executive suggestion #1.)

2.0
Jan 9, 2014

UNORGANIZED, FRAGMENTED

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Pay is good, benefits generous

Cons

Company is ran very poorly. Upper Management has no clue of some of the monetary abuses middle management gets away. Left hand doesn't know what the right hand is doing. Quote un quote business trips that are in reality personal trips . I saw a lot of this going on and it disgust me how much it was abused. You get far in this company if you like to kiss butt.

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