Unisys reported this morning that Joe McGrath will be stepping down as CEO at the end of the year. Why wait that long? Unisys could learn a little from professional sports. If the coach isn't getting it done, get a new one!
So, good ole Joe took over in January of 2005, but he really started running the show in January, 2004 when Larry Weinbach made him COO, the first time Unisys has ever had a COO.
So, let's take a look at the stock since Joe assumed control...
Interesting, huh? The stock has been on a steady decline since Joe became heir apparent to Larry.
From 15 to 3....
I know a bunch of people still at Unisys and I wanted that company to succeed in the worst way. Now, maybe they can start over.
Congratulations, Unisys! Now, if you would just look a little closer, I can name about 50 other senior folks who have spent the last 5 years coasting...
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