Wrong. The demise of MDT started with the DEI hire. Omar is not the messiah everyone projects him to be. His track record indicates that he leaves companies is shambles as he exits stage left with Millions in his pocket.
He left the GE Medical unit as a flaming pile of dog turd. While MDT enjoyed some growth during his early tenure, the last few years were stagnated and in some cases divisions were decaying but he stayed the course of aggressive expanding with no recourse and limits to spending. Overpaying for dozens of acquisitions that ultimately were sold for significantly less than what MDT paid for, and in some cases completely shut down.
Omar’s next move was Chairman of Intel…..yes the former largest chip designer & maker in the world. He set the direction to stay the course and avoid all things AI. Great strategy if you want to now be known as the former largest chip company in the world.
As for golden boy G-off. He is under qualified and surrounds himself with yes-man (or is that yes-they/them/it?). G-off has no exposure and true experience running a successful division/business unit. His past record even as a sales rep and manager shows Y/Y decline in both sales, GP and market share (don’t believe me; look it up). But he talks a good game and keeps getting promoted but now he’s exposed in the spotlight. However he has plenty of people to blame for poor sales & operational performances; hence the yearly reshuffling of the deck chairs.
