CGB Enterprises

1.0

Dec 6, 2017

Recommend

CEO approval

Business Outlook

Pros

1. Excellent retirement with day one vested 50% matching 401k 2. Great culture with good people that care about each-other throughout the company 3. Early roles allows for lots of exposure and excellent learning opportunities 4. Broad presence in the agribusiness sector with many business units means stability 5. Higher than average starting pay 6. Large shareholders with deep pockets

Cons

1. Middle management is numerous, highly political, and very poisonous 2. No clear succession plan - the original leaders that propelled growth and created a good culture are great people and good stewards, but with poor middle managers there are no clear successors, should current managers succeed into executive roles the company will fail 3. Lower than average pay for experienced staff, and no incentive or bonus structure tied to trading positions, which is industry standard 4. At corporate a show-up rather than do attitude, with too many employees in non-revenue generating positions, managers throw bodies at problems to avoid managing 5. Company is owned 50% by Zennoh which is languishing, a couple senior managers have become personally very wealthy by cornering trading positions at the expense of long-term growth for the company and employees - a problem because Zennoh controls the export outlets for CGB’s facilities and when Zennoh doesn’t trade well or at all, then CGB’s largest division (grain) suffers adversely with poor advice to regions and incorrect information 6. Very high turnover because of the above

CGB Enterprises Response

Thank you for taking the time to provide such lengthy feedback on your experience with CGB. We certainly agree with the positives you mention; we take great pride in our benefits and compensation package and also our culture that is held in very high regard. I realize that, at times, it’s not apparent to all employees what is happening “behind the scenes” so to speak. Over the last several months, we’ve been laser focused on succession planning, even putting into place programs ensuring our leaders are well equipped and prepared for future senior or executive positions within the company. Succession planning and subsequent preparation is very top of mind and we’re committed to excellence in placement. Our shareholder, Zennoh currently is expanding domestically and abroad to provide for their for long term growth. CGB traders cite Zennoh as a valued and transparent source of market information. You mention many areas of concern; I welcome a discussion to better understand the issues you reference if your schedule allows. Please contact me directly at 985-867-3500. Best Regards, Diane Hartley Director, Talent Management

High Turnover, Low Pay, Bad Middle Management, Good Culture - Merchandiser CGB Enterprises Employee Review

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