3.0
Dec 4, 2019
Recommend
CEO approval
Business Outlook
Pros
Leader in Industry Benefits on par with location Stock purchase plan
Cons
Leadership in turmoil as infighting of former CEO’s of ESSILOR (H. Sagnieres) and Luxottica (L. Del Vecchio) for control. More than one year after merger, still no (new) global CEO. Inability to hit cost targets has lead to more (Dec 2019) layoffs in the US In order to contribute to cost targets by shedding longer term experienced talent in favor of “new”, inexperienced (lower comp) hires.
