Jefferies reviews

Zero firm-wide culture despite Rich & Brian's monthly, repetitive newsletter. Since LUK acquisition, R&B much less visible and much less in touch.

The leadership is horribly detached from reality. Last years management conference, they completely forgot to introduce any of the senior management on the stage. It just simply skipped both of their minds, which was nonprofessional. The business has outgrown the leadership, and yet the leadership believes that they are still the smartest guys in the room. That is comical since their stock price has been declining for five years, and current leadership has made painfully expensive missteps in strategy and execution, costing shareholders hundreds of millions in nonrecoverable losses. Not only are they screwing up, but they seem to feel that nothing ever is their fault. There is always someone or something else to blame. Their explanations are getting worn out. If the leadership was graded over there by the staff, my guess is that at best they would be a D. Especially after another failed year, and with the stock near all time lows, they give each other a 5 million dollar bonus. What an FU to the firm and its shareholders.