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Replacing her now will introduce even more FUD to an already free falling stock price. I believe the board had already neutered her role and is surrounding her by advisors who are actually calling the shots until the stock price stabilizes. Only then will Accenture be able to announce a new CEO.
I’ve worked close to loser and she’s very dictatorial and politically shrewd. If it’s true that they neutered her role, then that must be killing her inside. She leads by decree and a circle of “yes ma’am” folks surround her. I haven’t talked to her in a while but her style hasn’t changed one bit. She used to come to my account and send bossy emails afterward intimidating my LT team and I.
This is what happens when you get a job due to wokeness. Why would someone from a support function ever be made CEO?
DEI hires are hard to fire
What makes you think anyone at Accenture has that power? This isn’t a partnership. She’s CEO and chairman and hand selected a good portion of the board
It’s absolutely a corporate governance problem. But to MD1’s point, MDs are just employees (up to and including SMDs / GMC). We don’t have any real authority.
The only solution for a failure of governance at the Board level is institutional investors flexing their voting power to remove Board members that clearly refuse to act in the face of abject failure of a CEO. Even all of the MD shares combined don’t represent enough voting power to make a dent.
The underlying business model of Accenture no longer creates value for clients. It does not matter who is the CEO.
ACN is toxic as well. What “moat” does ACN have?
So, as stated here, she is basically the CEO AND the Chairman. She will stay until whenever she wants… I’m sure that everyone there misses Pierre and the old Accenture.
I was fortunate to work there during Pierre before he passed. He is missed.
1) Take private to clean up and then IPO again
2) Activist action
These are the two options.
We can’t. That’s the point.
I feel this is the canary in the coal mine for the big 4 who are trying hard to become accenture with a much higher cost base while ignoring the share price alerts from the market!
P3 - yea, that google search yielded the following:
Deloitte:
FY25 revenue: $70.5B
- Consulting: $32.88B
- Audit & Assurance: $21.7B
- Tax & Legal: $12.5B
- Financial Advisory & Risk: $3.5B
I’m not going to spell out all four of them, but suffice it to say, the splits are similar.
$21B out of $70B isn’t even close to 5%. Seems like maybe you want something to be true that isn’t?
I don’t now and have never worked at Accenture (I know they use the SMD title), but I just came to say that “No other company will tolerate such incompetence” has been proved wrong many times over. Best of luck to you gents in turning it around.
I’ll sell you mine!
🤣🤣🤣
Is pipeline really that bad or is it just market behaving irrational?
Both
I loaded on the stock today
Good luck!