10 dumbest CEO mistakes ever
Recent misfires by the top brass at J.C. Penney, Yahoo and JPMorgan rank among the dumbest -- and in some cases, costliest -- executive flubs of all time.
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Dear Major Corporations:
Please add to my previously mailed resume that I can make dumb decisions with the best of them!
As mentioned, I can drive your company into the ground in half the time for half the money. And, I bring that nice "common touch" to the boardroom. Please call me at your earlliest convenience for an
Am patiently waiting by the phone.
Be easy on these guys.Some can barely get by on $200,000,000 a year.When they
get fired they have to live on a buy out of $300,000,000 until another company hires
them and the common employees have to get laid off or fired to cover his package.
How about the CEOs at Eastman Kodak? Kodak invented the first digital camera in 1975 and waited way too long to capitalize on the changeover to digital photography and imaging. How about George Fisher for spinning off Eastman Chemical in 1994? Or how about Antonio Perez selling Care Stream in 2005 shortly after taking over as CEO. FYI-Care Stream Health is in health systems imaging
(X-rays; MRI; CRT scanning. Health care has been the fastest growing sector of the economy in the past 20 years! And, yet Mr. Perez "in his infinite wisdom" asserted that Care Stream Health
"did not fit into Eastman Kodak's long term strategic plans". Go figure. I have come to the conclusion that CEOs, by and large are the stupidest people on the planet!
How is the "Mayer" move to cut back on teleworking a mistake? Only affected 200 people and the stock has risen 33%. Who cares what the media says, the stock price and company value is what's important.
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[BRIEFING.COM] Equity indices closed out the month of August on a modestly higher note. The Russell 2000 (+0.6%) and Nasdaq Composite (+0.5%) finished ahead of the S&P 500 (+0.3%), which extended its August gain to 3.8%. Blue chips lagged with the Dow Jones Industrial Average (+0.1%) spending the bulk of the session in the red.
The final week of August represented one of the quietest stretches for the stock market so far this year. The first four sessions of the week produced the ... More
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