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@404x
It's funny, I'm really not surprised. THG is built on nepotism and echo chambers. The LinkedIn post says it all about jobs for the mates and not experience / best person for the job.
Matt obviously can't stand criticism and LinkedIn posts on the same day as that RNS with what he's said clearly shows his mindset.
The best chance for PIs here is that the IIs club together and force change.
Nutrition isn't doing well this quarter.
185 redundancies in Ingenuity is small and panicked part of a bail out of a sinking Division.
Do I think our CEO would tank the share price on purpose if he thought he could buy the company back cheap? Yep, I do. Do I think he can now get any financial backing given he's lost EVERY major investor over the last 10 years money...nope. Just look atnrhe market cap...its a fraction of the many multiple billions of pounds IIs have sunk into the company. Why is anyone else going to back him? He came back from his much feted middle east trip last year empty handed.
If anyone thought he had a plan...the actions today very clearly show he hasn't. If he were about to do a massive deal, they'd have just let him keep Maccy D.
I could go on but I'll bore off...
LinkedIn says it all. It also says how much pressure he must be under. He will fight to the death and I absolutely guarantee you he would rather see the whole thing crash and burn than let it go...he'll then write a book and try and get some muscled clad celebrity to plan him in a Wolf of Wall Street style film... 😂😂
I agree re: Glassdoor. Loads of companies get bad reviews but THG has 2,400+ on here. The general disenchantment can be ignored as sour grapes but there are some really insightful snippets amongst the posts around client attainment and retention, strategy, size of client, inexperienced and junior management and graduate employment and turnover. It's nothing that hasn't been mentioned here before though.
MM can't possibly go to AGM as things stand. Can you imagine? What b***sh*t does he have left to come out with? He'll get the MacDonald treatment. Wonder if the Chairman would turn up though?
It's all a bit tense with the redundancies. Been a bit brutal but guess we might get an announcement on reduced costs and potentially lower capex on Ingenuity as so much of the staff costs are capitalised.