Staples, Inc. (SPLS) today announced the promotion of Neil Ringel to executive vice president of Staples Advantage, the company’s business-to-business division. Ringel will have overall responsibility for Staples Advantage in North America and report to Joe Doody, president of Staples North American Delivery.
Hopefully he can do some good BUT as long as Sargent and Miles are still leading the company, the stocks are still going to tank. Morale is at a serious low because of the treatment of it's employees. As long as people all the way up to the top are getting bonuses and raises without a limit, so should all of their workers. Not the fact in the stores. It is time for a thorough house cleaning, starting at the top and working down... NOT THE REVERSE.