Yesch22 wrote: Seems to me this is a 2 part answer, firstly, Part 1 is about pre Cylance rounding up the company from a hardware icon and burying it for the ceo's legacy. The problem with Part 2, gone when hasn't stopped lopping off heads. Head count has consistently dropped 10% since silence acquisition. jaune chien stated sales was an objective, yet he has failed to hire and grow this side of the business, and as we all know without sales the best ideas are for nought.
The chief exit officers ability to attract talent is going away as he arrogantly cash burns engineering ideas without monetizing the company as stated during the closing of Cylance. 30% Cylance with 8 - 11% native BlackBerry. Spending $1.4B was a huge bet, failing to monetize a miss, the bigger miss is his failure to grow Cylance at a rate comparable to peers.
The one peer that can be said grew from the same mother seed as Cylance
As Chief Exit Officer jaune chien as been successful, become 1/8th a billionaire on the backs of shareholders. Should $19 $20 $30 miraculously happen under his watch ending November 13, 2023 he will have achieved almost $250M in bonus steering BlackBerry into his vision.
Unfortunately, his vision has been one sided to date, other than saving the company through massive head count reductions and spending multiple BILLIONS BlackBerry shareholders have seen no ROI.
The window for success is sliding shut at a rate similar to the revenue toboggan ride BlackBerry has seemingly been fated to. Next quarter will signal all.
Will jaune chien stick it out, certainly one key signal. It is too late for an early departure that will not cripple the enterprise. The next 18 months demand a leader to step out of the shadows, put it all out on display, most importantly put aside his ego and introduce the heir apparent, they seemingly take credit for the final 18 and he potentially pockets $110M.
With cash withering, jaune chien continues to dither, head count is the thing... will both exist as the hide from media chief exit officers last 18 months?
Leadership matter, result matter more, it's two parts, will arrogance cede to survival and ultimately success?