Positioned as the firm’s savior, this officer has so far delivered more promise than results.
Take the case of a recent new product that was expected to pull in impressive numbers but insiders say lured just a few thousand during its debut.
This was hardly the kick the company needed, although time will indeed tell if it was the right move.
But the clock is ticking for this executive, whose domineering style was doing more harm than good—sapping morale during a period when the firm needs all hands on deck.
That’s not the only problem hounding this executive, who insiders say staged a witch-hunt within the firm.
The manner, however, raised questions on ethics and legality and has already set off compliance red flags.
It would be over for most executives at this stage but we’re told the final decision rests on a powerful backer and whether a strong replacement can be found.
The rewards are high but so are the risks as failure could mean swift punishment not just for whoever comes next, but also for those who pushed for this change.
Whatever the decision, the firm would do well to move fast, with its pool of young and veteran executives still eager to deliver on their targets as this sector braces for its next big challenge.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
