Technology Service Corporation
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- Comp & Benefits
- Work/Life Balance
- Senior Management
- Culture & Values
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I have been working at Technology Service Corporation full-time (more than 10 years)Pros
TSC had a great reputation. Offices are nice. Technology Service Corporation does have flexible hours.Cons
Most of the technical and managerial talent that built the good reputation of TSC have left the organization.
Many divisions are shrinking or going away completely. Many of the long time division managers have recently left (Huntsville, Los Angeles, Colorado, Indiana, etc.)
TSC is an Employee Stock Ownership Plan (ESOP) company and has been for the past 20 years. 2014 was the first year that TSC’s stock declined in 20 years. Bob Graziano was the CEO and President of TSC for 20 years and left TSC in June 2013 (just before the stock declining). Mike Syracuse is the current CEO and President of TSC. I do not trust TSC’s current management.
It seems that the internet is filled with information about the tactics used by Bob Graziano and Mike Syracuse to ensure that Graziano was able to cash out all of his ESOP – but at the detriment of TSC’s (non-executive) employees.
As the sayings goes:
“If you don’t like the rules, change them.” and “It’s good to be king.”
For more information please search the web on:TSC ESOP
It seems that management cares very little for their employees . I will talk about what they do to their customers.
Advice to ManagementAdvice
Come clean about Graziano and Syracuse illegally raiding the employee’s ESOP retirement plan and harming the employees’ of TSC.
Get new management – Management, especially Mike Syracuse, has to go or TSC and its reputation will go nowhere but lower.
Commit to returning to the principles upon which the company was built. Be honest with your customers, prospects, employees and vendors.Doesn't RecommendNegative OutlookDisapproves of CEO