4Racing offers employees voluntary severance
- Ash2Ash
-
- Senior Member
-
- Posts: 100
- Thanks: 23
Re: 4Racing offers employees voluntary severance
1 year 7 months ago - 1 year 7 months agoWhat is most disturbing about and telling of the attitude of its management ,is that Fundi was not even present at one of Joburg s biggest racedays on Saturday ,but rather spent it at the world cup final .A couple of days later they announce voluntary retrenchment ,which will no doubt be followed shortly with forced retrenchment .It's all just a joke .What happened to leading by example
If Fundi was busting it up in France over the past weekend then she is cut from the same cloth as Rob Scott and the Phum leadership that spent a week at the Oyster Box leading up to the 2019 Durban July and while staying at the Oyster Box they were negotiating with trade unions and pleading poverty to avert a strike and within 48 hours of checking out from the Oyster Box, Phum issued a SENS announcement to advise the market that there will be a material decline in revenues and profits!!!!
Was it not a certain Mr. Thomas that said this about 4Q vs Phum........... its a different leopard, but the same spots
Last edit: 1 year 7 months ago by Ash2Ash.
Please Log in or Create an account to join the conversation.
- Bob Brogan
-
- Administrator
-
- Posts: 82527
- Thanks: 6462
Re: 4Racing offers employees voluntary severance
1 year 7 months ago
Personal opinion
If I were CEO and I could afford it, I would have jumped on a plane to Paris on Saturday
If I were CEO and I could afford it, I would have jumped on a plane to Paris on Saturday
The following user(s) said Thank You: Scolari
Please Log in or Create an account to join the conversation.
- Bob Brogan
-
- Administrator
-
- Posts: 82527
- Thanks: 6462
Re: 4Racing offers employees voluntary severance
1 year 7 months ago
ASH nae point dragging up old shit, just pulls the post to one side mate
Please Log in or Create an account to join the conversation.
- Dave Scott
-
- Administrator
-
- Posts: 43868
- Thanks: 3339
Re: 4Racing offers employees voluntary severance
1 year 7 months ago
The reality of the situation in any business is that you can either increase turnover or cut back on overheads.
I am sure everyone was aware to increase turnover was going to be unrealistic or extremely difficult.
Racing would have to have come up with something innovative or unique?
Possibly an exchange type model ?
To attract the punters.
Considering the amount of exotic money played into the "open bet" and the poor odds win and place tote vs fixed odds, the tote was always on a hiding to nothing as the customer does count and wants value.
Hope all the best to anyone losing jobs in SA coming up to Xmas especially with the current SA unemployment rate.
I am sure everyone was aware to increase turnover was going to be unrealistic or extremely difficult.
Racing would have to have come up with something innovative or unique?
Possibly an exchange type model ?
To attract the punters.
Considering the amount of exotic money played into the "open bet" and the poor odds win and place tote vs fixed odds, the tote was always on a hiding to nothing as the customer does count and wants value.
Hope all the best to anyone losing jobs in SA coming up to Xmas especially with the current SA unemployment rate.
The following user(s) said Thank You: LSU
Please Log in or Create an account to join the conversation.
- Ash2Ash
-
- Senior Member
-
- Posts: 100
- Thanks: 23
Re: 4Racing offers employees voluntary severance
1 year 7 months ago - 1 year 7 months agoPersonal opinion
If I were CEO and I could afford it, I would have jumped on a plane to Paris on Saturday
Bob,
I've chaired a few Boards' in my time (including distressed companies that were successfully turned around [No, i'm not looking for a job or an opportunity to work with retards] and if a CEO displayed this attitude, I would have proposed an immediate removal of the CEO, failing which, I would have stepped down.
I's not a question of whether the CEO can afford to pay for the trip personally or whether the CEO had the trip sponsored.... It about the messaging that the CEO is disseminating to all and sundry that the CEO is devoid of reality and responsibility. This is a clear indication that the CEO is disconnected to the business, employees, creditors, shareholders, the board of directors and other stakeholders.
The CEO, as the individual that is ultimately responsible for the failures of this organisation, to be out living the life in France when your failures are coming home to roost and some lower level employees are going to have their lives traumatically impacted, because of your failures, for which your lifestyle remains unimpacted - is not leadership, it narcissism.
Last edit: 1 year 7 months ago by Ash2Ash.
Please Log in or Create an account to join the conversation.
- Ash2Ash
-
- Senior Member
-
- Posts: 100
- Thanks: 23
Re: 4Racing offers employees voluntary severance
1 year 7 months agoASH nae point dragging up old shit, just pulls the post to one side mate
Until 4Q or anyone else breaks the cycle, old shit is going to float around, especially if their is no behavioural changes.
Just saying
Please Log in or Create an account to join the conversation.
- mr hawaii
-
- Platinum Member
-
- Posts: 20068
- Thanks: 2653
Re: 4Racing offers employees voluntary severance
1 year 7 months agoPersonal opinion
If I were CEO and I could afford it, I would have jumped on a plane to Paris on Saturday
if she made some contacts then it was not a wasted trip... if she is able to get the Boks to Turfs then also good... I remember how full the place was in 2007 when they appeared there... hoping it was a strategic trip not a sightseeing one.
Please Log in or Create an account to join the conversation.
- Muhtiman
-
- Platinum Member
-
- Posts: 8933
- Thanks: 1014
Re: 4Racing offers employees voluntary severance
1 year 7 months ago - 1 year 7 months agoPersonal opinion
If I were CEO and I could afford it, I would have jumped on a plane to Paris on Saturday
Bob,
I've chaired a few Boards' in my time (including distressed companies that were successfully turned around [No, i'm not looking for a job or an opportunity to work with retards] and if a CEO displayed this attitude, I would have proposed an immediate removal of the CEO, failing which, I would have stepped down.
I's not a question of whether the CEO can afford to pay for the trip personally or whether the CEO had the trip sponsored.... It about the messaging that the CEO is disseminating to all and sundry that the CEO is devoid of reality and responsibility. This is a clear indication that the CEO is disconnected to the business, employees, creditors, shareholders, the board of directors and other stakeholders.
The CEO, as the individual that is ultimately responsible for the failures of this organisation, to be out living the life in France when your failures are coming home to roost and some lower level employees are going to have their lives traumatically impacted, because of your failures, for which your lifestyle remains unimpacted - is not leadership, it narcissism.
.....very similar to the CEO OF ADT security being in Japan for that final.....when at the time some serious sh!t happened here where ADT people provided security codes to criminals.....I know many people that cancelled with ADT not because of the crime....but the idiot giving his 2 cents worth while showing that he was there.....:oops:
Last edit: 1 year 7 months ago by Muhtiman. Reason: while
Please Log in or Create an account to join the conversation.
- LSU
-
- Premium Member
-
- Posts: 568
- Thanks: 145
Re: 4Racing offers employees voluntary severance
1 year 7 months ago
You make some very good points Dave.
Turnaround will not be quick as a marketing campaign always takes time to gain traction but once momentum is gained the results can be spectacular.
My gripe is that no growth projects are undertaken, not under previous management and nothing visible right now either.
There is a foolhardy belief that turnover can be increased through any other means rather than doing the hard yards of building up a new customer base.
I have been trying for years to get local operators to see the need to invest in innovative new ideas but little willingness to spend and often an inability to look outside of what is currently in use.
Every marketing bone in my body is telling me that reaching out to the younger generation is not only a minimum requirement but an absolute necessity for racing to thrive in future but somehow this is overlooked and we always go back to efforts to increase turnover from the existing customer base.
Just because racing has not had growth for decades is not indicative of its potential.
it is ironic that people who have been in the industry for years without any new ideas or a record of success in marketing or customer growth are the very ones that has to decide on new ideas. it is a recipe for disaster to have people married to a view in charge of taking the company forward.
I don't blame the people in these positions as they are doing the best they can but they are often unable to see real opportunities that exist and this leads to procrastination and a slow crash and burn.
Have been working on a concept that will give racing huge opportunities to be offered as a sport with many new and different income applications but then get told that we cannot sign a NDA as we might already be working on something similar. How can you take an industry forward when those working in it are threatened by outside ideas.
When will people learn that not everyone can be innovators and creators but that the real power is in identifying these opportunities and supporting and implementing them. There is such an amateurish culture of not wanting to give someone else credit or wanting to grab somebody else's ideas and putting it forward as your own.
Those that innovate and create spends hours of uninterrupted time on research and development and these ideas should be treasured rather than alienating the very people that are approaching the industry with new material.
Turnaround will not be quick as a marketing campaign always takes time to gain traction but once momentum is gained the results can be spectacular.
My gripe is that no growth projects are undertaken, not under previous management and nothing visible right now either.
There is a foolhardy belief that turnover can be increased through any other means rather than doing the hard yards of building up a new customer base.
I have been trying for years to get local operators to see the need to invest in innovative new ideas but little willingness to spend and often an inability to look outside of what is currently in use.
Every marketing bone in my body is telling me that reaching out to the younger generation is not only a minimum requirement but an absolute necessity for racing to thrive in future but somehow this is overlooked and we always go back to efforts to increase turnover from the existing customer base.
Just because racing has not had growth for decades is not indicative of its potential.
it is ironic that people who have been in the industry for years without any new ideas or a record of success in marketing or customer growth are the very ones that has to decide on new ideas. it is a recipe for disaster to have people married to a view in charge of taking the company forward.
I don't blame the people in these positions as they are doing the best they can but they are often unable to see real opportunities that exist and this leads to procrastination and a slow crash and burn.
Have been working on a concept that will give racing huge opportunities to be offered as a sport with many new and different income applications but then get told that we cannot sign a NDA as we might already be working on something similar. How can you take an industry forward when those working in it are threatened by outside ideas.
When will people learn that not everyone can be innovators and creators but that the real power is in identifying these opportunities and supporting and implementing them. There is such an amateurish culture of not wanting to give someone else credit or wanting to grab somebody else's ideas and putting it forward as your own.
Those that innovate and create spends hours of uninterrupted time on research and development and these ideas should be treasured rather than alienating the very people that are approaching the industry with new material.
Please Log in or Create an account to join the conversation.
Time to create page: 0.112 seconds