I have been working at Grainger plc full-time (More than 10 years)
Great heritage and name in the market. Historically good pension and share schemes, albeit they are being cut now.
Executive Management team are sadly out of their depth, which can be fine but rather than acknowledge the skills of many in the group they have taken the attitude they have nothing to learn. This has led to some of the best people in the business leaving the company in the last 18 months, feeling mistreated and unable to see any benefit in staying. Those that remain at the top are in the majority all 'yes' people and do not have the correct mindset to lead or create real value, this is not a leadership team their army wish to follow.
Advice to Management
You chose the wrong exec team, everyone makes mistakes, you were under pressure when the new strategy arrived, nobody could have expected you to get it absolutely right. It's the successful leaders who don't feel embarrassed to admit their mistakes and take action before it's too late. Be brave, remove that exec leadership team, mix it up with some new, and I suppose if you want to show you are leaning, bring back someone that left.
The company just feels like a wasted opportunity at the moment, I really hope the non-execs can seek to understand the issues, and the execs can learn it's not all about them that makes success, you guys talk a good game but it's a shop front and not a deep one.
With incredible competition in the market, we are facing difficult times and must use this final period of having an enviable track Record to secure opportunities where we have a niche that allows us to compete. We are not the best managers, we can struggle to compete with institutional investors but I understand we have been considered the best partner both on the investment and development side, lets use that... oh wait, those guys left the business because we let them..agghh,
So much promise in this business, and it COULD be very exciting, but it's not.
Oh and lastly, how do you justify those pay packets guys, especially when you 'haven't met your objectives'; come on, that's a lot of salt on a big wound. (Refer to latest report and accounts).