It is more of a sign of lack of leadership, innovative, creativity and common knowledge. I think his "executive" team needs to take a self inventory of their own skillset. If they are honest with themselves they will come to the same conclusion that we already know. They lack what it takes to pull this company back in line. Just remember smoke and mirrors is what has got here.
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You are an old dude referencing the BCG growth strategies.....but still a relevant comment.
With all respect, thoughts and prayers and $1.25 will buy you a daily newspaper.
Any "leader" who has to cut to make bottom line goals instead of driving top line growth should resign. If the family wishes to cash in, this is a great way to do it. They'll replace lying ray with someone who has the skills to break this dying cow apart. They get something to replace dividends.
True. However, do you remember Marketing 101, and the four quadrants of market share and market growth? Follett is moving from the 'Cash Cow', to the 'Dogs' quadrant. That, and a family of 'grasshoppers' (Aseop) instead of 'ants', are problems faced by poor leaders that believe they are running a GM business.
There will be no dividends when the company closes.
Easy folks. You're both right.
My thoughts and prayers for those laid off, and those that remain.
Wow...Really...that's your response?Dividends over the good of the company! That is just down right funny and quite frankly...just sad. I would pay plenty for the thoughts of the families fore fathers who worked hard to make this company what it used to be!
I disagree. The family owns the company. Their goal is to get their dividends not pull the company back together. They've empowered their management team to do whatever it takes to insure their dividends. Res ipsa loquitur. Every associate is expendable. Hey, Mr. You Need to Prove it, do you really need more proof?