Topgrading Helps Save E*Trade

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

The Company:

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.

The Challenge: 

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.”

The Results:

  • 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…

Click here to read the entire E*Trade case study.

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