26% of the CEO
Mark E. Lucas
Pros – The company has a well defined strategy, and a very hard working team of employees, managers and executives. Inorganic acquisition strategy is the only way forward. Mark Lucas allows acquired companies to decide if they want to integrate or operate as separate units - which is a rarity. Excellent communication and town hall meetings led by Mark and Executive Staff. Everyone is incredibly nice at the company. Management team is knowledgeable and works hard to hear input from employees through different formal and informal communication methods.
Cons – Integrating acquisitions has been a challenge - nothing unusual here - similar to any large company acquiring smaller ones. Product Line Management team needs upgrading of talent for directing new product development for complex technologies (e.g. security, cloud storage, etc.). Too much expertise in older technologies and lack of understanding of integrated software and hardware offerings. Causing key executives and managers from acquired companies to leave because junior PLMs are calling the shots but don't have the expertise.
Advice to Senior Management – Keep executing to the plan. Try to think and act more like a small business. Upgrade the PLM team and hold them more accountable for their decisions. Scale back unneeded processes and meetings so that you can make decisions more quickly and timely.
Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company
Pros – Decent pay and most employees are easy to work with.
Cons – Imation is the leader in a dying industry (optical). They tried offsetting those loses by pursuing CE, but failed. Now they are focused once again on storage only in B2B. Overall they do not have any edge over the competition and stopped growing their IP years ago. They need a large scale transformational change to remain a player long term.
Advice to Senior Management – Replace current management, develop a vision and strategy for the company that will last long term and execute. Stop making decisions to hit targets for the short term at the expense of long term success.
No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company
Pros – Friendly working environment with a flexible schedule to help students that are attending college.
Cons – No real direction. Many employees afraid of layoffs and there is not much opportunity for growth.
Pros – Great, leverage-able portfolio of technologies.
Cons – No corporate strategy - what's a tech portfolio without a strategy!! Weak corporate leadership. The business rests on tape media without expansion into other areas or other ways to leverage media.
Advice to Senior Management – The company badly needs new leadership.
Pros – Dynamic changing environment, opportunity for change and adding value is near constant. Great place to work if you enjoy change, making a difference and gaining a wealth of experience.
Cons – Pay is consistently under market, too many directors/executives, management is over compensated.
Advice to Senior Management – Compensate those employees you wouldn't want to leave appropriately with market.
Yes, I would recommend this company to a friend
Pros – Salary and benefits, good PTO time
Cons – Management keeps changing strategies and buying worthless companies
Advice to Senior Management – None
Pros – Great mid-level management team - although many have left. At the time great technology - although most has been sold off.
Cons – They are in a mad scramble to figure out how to make money other than optical disks and tape. They buy a company, try to integrate it, fail, and then buy another. No commitment to the technologies, no direction, no understanding of the industry they are trying to penetrate.
Advice to Senior Management – Fire the CEO - he is way over his head.
Pros – Great pay and very flexible
Cons – Financial situation isn't getting better.
Pros – IronKey is a good product and the parent company has been around a long time. The company culture is ok.
Cons – Zero communication about product launches, comp structure, expected quota. Very high management turn over. Very low morale among employees
Advice to Senior Management – Develop a clear roadmap with solid communication of company goals/strategies and stick with it for more than a few months
Pros – There is nothing to mention.
Cons – The company is in shutdown mode. If you are looking for a long-term career DO NOT work here. Layoffs are happening every month, and people who haven't been cut are actively looking for employment elsewhere.
Advice to Senior Management – The current CEO has driven Imation into the ground. Any advice he was offered he wouldn't understand. The CFO has been in over his head for years and is just biding his time until he can start drawing on his 3M pension.