Topgrading has tremendously helped and even saved many companies all around the world. Read our case study on how Topgrading helped E*Trade.
““I came in as CEO in 2013, and E*Trade was struggling. Topgrading helped us survive and flourish.” – Paul Idzik, CEO
E*TRADE Financial Corporation is a leading technology-enabled company and a well-recognized digital disruptor within the financial services sector. It operates in both the B2C and B2B spaces via award-winning online platforms, and a large network of licensed representatives and financial consultants who handle phone and in-person interactions with its customers.
When Idzik took over as CEO toxic investments in the mortgage business dating back to the 2008 financial crisis were dragging the company down. He said, “I had very few A Players in the top 2 levels. A couple of key mis-hires could have caused the demise of the company.”
- From 25% to 75% A Players hired in upper management ranks
- From 10-year performance of -20% to 3-year performance (since Idzik became CEO) of +150%
- 6 out of 7 of the top team were replaced, 100% with A Players…