Post by
Maxmoe on Nov 07, 2022 1:26pm
Uncomfortable
Tim close is obviously not retiring. He's a young man with an enviable track record in an otherwise dull industry. So why no discussion of where he's going and why? If it was just a huge paycheck with a global giant he couldn't resist I get it. Maybe he's going back to GE? Deere? Is he going to poach talent from afn wherever he lands? Should the "transition" have been for the chairman rather than the ceo? Was their a battle in the boardroom? As for the pivot from tuck in geographic and product line acquisitions to cost cutting and reducing debt, I'm not a big fan. Yet another Canadian company that plods along focused on costs rather than market share and growth ? Zzzzz. I've seen many companies, mostly American, that push growth strategies and crush their meek Canadian competitors. Or completely fail. It doesn't always payoff. BUT, I don't see manufacturers that cut costs and cut debt all the way to the top. More like a slow self fulfilling spiral down. Like GE after Walsh left. So, what happened here last summer with this "transition"? Anyone have some insight? Or "the dirt" ? Don't need opinion. I already have my own poorly underinformed opinion.