break up the company in few different segments and hire CEOs to run each segments with more independence and flexibility. And report to one big CEO who oversees them all.
VPs are managers without a lot authority and independence and that plans so far did not work so let's not be insane and try something revolutionary and different.
I was widely ridicule by many short sighted people in this platform.
Fast forward today and EH is basically trying to do same except that instead of splitting the company, he is trying to shrink in the hopes that it is more manageable.
Because when Nike was growing in its hey days, they just overgrew and now it is too big and unmanageable.
I think breaking into each manageable segment is better than shrinking small. Followed up by layoffs.