Since the integration of Solera’s North American holdings in 2016, Managing Directors have consistently failed to provide clear strategic direction for their respective VPs and Directors. These are innovative, excellent leaders, working exceedingly hard to give direction but have had their time and energy wasted by neglected strategy. Egos and arrogance take precedence over determining strategy. Militaristic, antagonistic leadership practices are the norm in the upper levels, which does not foster growth or care of good leaders or their teams. Communication is at best, vague and at worst, duplicitous.
Lack of clear direction and constantly changing focus has caused a severe morale problem in individual companies. Shared assets like IT, Engineering and Product Dev, as well as HR, have limited resources (in tools and most importantly, people) to accomplish daily workloads or new projects, over taxing those team members that are left. Sudden layoffs to meet profit quotas have taken a huge toll in the day to day atmosphere and mental health of many employees, and whether by choice or force, great people are leaving. It is clear to all, that people are not valued for what they bring to the company, only profit margins are important. Some Solera holdings are very profitable companies but are being bled dry to support those that have been operating under bloated mismanaged practices. The families represented by these individual companies are all collateral damage of terrible leadership.
