| Topic Name: |
Where are the critics |
| Message Name: |
EAT YOU WORDS |
| Date Posted: |
01/27/2006 |
| In Reply To: |
The holidays are over. Many glasses of Kool-Aid have been lifted to celebrate "now that CG (sic)is back in profit."
Perhaps you live in Brussels, but just in case your home office is in NY or Chicago my only reaction to your post is Hello...are Alfred E. Newman? Bear with me, it's almost recess.
CG NA increased sales 8.9% in the first half but its operating loss widened to (6.5%). PD was so confident in the his turnaround plan that he tried to exit stage left to Accor...but got caught. CG showed its confidence in PD and his plan by immediately firing him.
On a global basis, CG is boasting that operating margins with reach 2.6% in the second half (requiring an improvement of a mere 50%). Pardon moi if I'm unimpressed. Origin, CG's closest rival in France, delivered an operating profit margin of 6.7% on revenues of $2.7b
What else is there for you and LadyDa to be optimistic about? Oh yes, CG's credit rating is now in the realm of junk bonds. No wonder there are posts scattered about alternately speculating on whether bonuses will be 10%, zero or when they'll be another RIF.
But as A.E. Newman and CG apologist always say..."what me worry?" |
| Message: |
Booster 'execution' stared in Q2 (remember the date when you got fired, you drank so much of moon shine and ended up in a dumpster and the cops rescued you and you spend the rest of the night in a lockup??.).
If you know 101 of business transformation you will know that no transformation will change the operating loss/ profit within 2 months.
PD's mind was never in Capgemini. Capgemini did not fire him - he fired himself.
They turned the mess you created from (1999-2005) into a profit (however small it is). NA was making loss for 6 years. It is a little bit of good news that they are making the profit and my old buddies with cap are getting full bonuses.
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