So our CFO quit

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Nightmare is a good adjective -- I'd throw in arrogant and narcissistic as well. Every time I've had to deal with him he's been nothing but condescending and rude. He's emdodies the definition of Eurotrash.
 






Let's not forget he is now a proven failure who is widely disliked and ridiculed behind his back. I have to confess that work is lots easier now that I don't give a crap with this type of leader - though I am inspired by the infantile memos and slogans - not.
 






anonymous said:
Why not simply man-up here. It is common knowledge Shire is bleeding talent, that FO is a nightmare to work with, that there's no capable leadership from his cronies, that Perry is a simpleton, and that anyone who can escape this disaster is doing it unless they simply sit in the car and avoid notice. There's no dispute about any of this. So why not take off and stop whining, or enjoy the incredibly inept management we have and focus on our second jobs? I don't care about the stock - it Ferris B's day off for us!!!! I LOVE IT!
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Great analogy. Perry is like Ed Rooney, the bumbling inept principal while Kobe is Grace his goofy secretary.
 


















Reading this thread gives much more insight into the problems with Shire than the writers your CEO hires to do his puff pieces. The street knows he's the root of the problem, his boots on the ground - sales force - have lost confidence in his ability and it's reflected in the stock price. The Board and investors read these posts. They are adept at differentiating real posts from troll posts. Change is on the horizon.
 






Finally! Please save this company before it is too late. Too many people (shareholders, employees, customers) will be hurt if FO is allowed to continue running it into the ground. Glad people are waking up to the fact that something is rotten from Denmark.
 






We've all known for awhile. So has Wall Street. Even the blogs are now conducting polls about how awful this place is. You can't tank the stock, hire amoral leadership with no track record of success but a strong record of being sued, saddle the company in debt, oversee an exodus of talent, never develop a pipeline, and make your numbers by raising prices and cutting jobs and be labeled anything but a failure. The Board who supported FO and his failed strategy probably are afraid to admit their mistakes and certainly aren't doing their job at this point.
 
























anonymous said:
Our CFO was with Shire for over 10 years. He probably got tired of the BS. And decided it was a good time to leave. That plus we might be getting sold.
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FYI - Executive leaders like a CFO don't leave before a company gets acquired. There's usually a golden parachute for these executives that make it very lucrative for them to stay through an acquisition (and later be fired by the acquiring company with a huge severance package).

There are 3 reasons why the CFO really left:
1. He left on his own accord for a different challenge, disagreements with FO and other management, etc. (this is unlikely since he's a key member, and usually when executives are interested in pursuing other career options, they spend a long time prepping Wall St.)
2. This startup has an emerging product that has enormous upside potential (unlikely)
3. FO is getting pressure from the board over the stock price. He blamed the financial performance on the CFO and fired him.
 






First, the CFO was a section 16 officer - so he wouldn't be "prepping" Wall Street about his leaving. Second, the company has lost lots of senior talent while FO brings in compliant non-entities. It isn't complicated - he left for a smaller position in an ag-bio company, a sector that rarely makes lots of money, and he stayed in Boston. The stock went down in recognition he just wanted out - and whatever the fine points it looks bad for Shire.
 












anonymous said:
If CFO got fired I highly doubt the company would ask him to remain with Shire through year end to help with transition to a new CFO.
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That's usually how things work. The CFO is on the Board of Directors, so you can't fire him the same way as a rep. Regular employees can be fired and out the door the next day. When top executives are fired they are usually given a certain period of time to remain with the company to transition things over.
 






anonymous said:
That's usually how things work. The CFO is on the Board of Directors, so you can't fire him the same way as a rep. Regular employees can be fired and out the door the next day. When top executives are fired they are usually given a certain period of time to remain with the company to transition things over.
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Nonsense. You have to pay the notice period (likely 6 months plus), but you don't have to let him work it. The fact he's working his notice tells me (1) it was his choice (2) there was no successor identified and therefore came as a surprise to the board (3) nobody internal is good enough to be considered as a interim CFO.
Chairmen of boards fire CEOs and CFOs on the spot all the time. And then it gets dressed up as "resigning to spend time with the family" etc
 






anonymous said:
(3) nobody internal is good enough to be considered as a interim CFO.
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Walk up to a map. Close your eyes and point to anywhere in the United States. No matter where your finger lands you have a 75% chance of being able to hire a run of the mill shire rep that is more competent than these fools running our company... Kevin Mark Perry Flem... they are all a joke... we are plenty good enough... they aren't!!!!
 






Mark and Kevin along with Perry turned our NSM in NY into a spectacular pride instilling team effort.
RAH RAH RAH ! We love Shire and especially upper management in C suite.
 












anonymous said:
Mark and Kevin along with Perry turned our NSM in NY into a spectacular pride instilling team effort.
RAH RAH RAH ! We love Shire and especially upper management in C suite.
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I thought nobody was going to clap for them. Why did the applause become so loud when they were done speaking ? I guess we are inspired after all who would have thought that.
 






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