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Vault Message Board: Hewitt Associates

Topic Name: What HEW Needs
Message Name: so like who for example?
Date Posted: 02/18/2006
In Reply To: Perception. Dale can talk -- ok, have something ghostwritten for him -- about building long term growth for the firm when just about every one of the 20000+ people who don't have a paper net worth of $1,000,000 in HEW stock are looking at more short term focus with each passing month. The Street demands short term growth and there is a helluva fight going on between trying to ignite the growth engine while continually lighting quarterly fireworks. Meanwhile, the vast majority of us see the fireworks as they impact all around us and none of us see much opportunity to share in the potential longer term wealth. Yes, there is at least some opportunity for the rest of us to get that payout now -- unfortunately, unless we somehow manage to figure out how to buy a handful of shares at retail price, no one is making it easy for us to get those shares, unless you're lucky enough to pick up a grant. While more broadly tossing stock at the associates would be a nice gesture, it isn't happening because the vast majority of people would do what they did with the grant we got at IPO -- sell all the shares as soon as possible and pocket the cash. In my opinion, Dale has to go. The engagement scores are our way of voting him no confidence. He provides no vision that people believe in, his credibility is shot, and he has even abandoned any attempt at communicating face to face with associates. He hides behind ghost written Source postings. Like our former CFO, Dale has played out his string and he needs to step aside for someone who can build a new culture and vision and LEAD. The old paternalistic SWAN actuarial company has to celebrate what built the company, but move into the 21st century and talk about creating a company that truly breaks new ground in delivering HR-related services. The opportunity is industry leadership and expertise; the risk is the steady drain of subject matter expertise and client relationships. Lack of leadership and short term focus are not going to move the company forward.
Message: "...he needs to step aside for someone who can build a new culture and vision and LEAD." Someone like Carly Fiorina? Scott McNealy? Steve Jobs?

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