"Go for a business that any id--t can run -- because sooner or later, any id--t probably is going to run it." - Peter Ly--h
"A ham sandwich could run Coca Cola." - Warrent Buffett
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Perhaps you quoted the wrong Peter. "In a hierarchy, every employee tends to rise to his level of incompetence." - Lau--nce J. Peter
Like when Western Digital announced suspension of the dividend "to strengthen our reinvestment in growth and innovation and to support our ongoing deleveraging efforts." How'd this turn out?
This firm in on the cusp of a merger less than a decade after it acquired SanDisk, so seems there may be underlying fundamentals to address beyond current leadership