M-Go was brought in one year ago. Stock price has steadily declined to half of what it was then. How long does or should a company keep a new CEO when things continue to decline? Let's face it, this all boils back to the CEO.
7 replies (most recent on top)
Do 2017 awful year end results accelerate M-go departure?? To clean the slate means RD has to go. The bus that is Mattel can’t be stopped to fix. CEO is responsible for corporate results and professional integrity. Mattel is failing at both . Situation at Mattel has gotten worse.
she has a two year contract. It just shows how the previous CEO messed things up. While he fill-in CEO didn't do much to hurt the situation, he didn't do much to help either. Any CEO in this situation would have a tough time turning things around.
MGO is just another example of our do-nothing BOD hiring someone to run a Toy Company who has never worked in the industry and never even been a high ranking executive at any hardlines company.
I’m sorry. Anyone who thinks bringing NAD back is a good decision by M-GO didn’t live through the first debacle.
Here's why I'm upbeat. MGo, who seems to be reasonably competent, has had a year to begin unfu*king this company. Under her watch many (but obviously not all) incompetent members of the leadership who got us into this mess have been shown the door.
FP is no longer being headed up by a mentally challenged individual - this is very good news.
But the number one thing that give me hope (which interestingly has little to do with the CEO) is that if you look at our product offerings for 2018, across all brands, it's generally way better then 2017. This is the most important factor, toys that kids and parents will want.
2017 was the culmination of all the sh*t for brains decisions that had been made in the past 10 years. Rock bottom if you will. I feel like we've got nowhere to go but up.
That being said, if MGo can't start giving some positive guidance and I'm wrong about this years product, I think she'll be gone before next years Toy Fair.
This is not a snarky comment, just an honest question to the previous reply. What makes you expect the company to reverse it's downward trend? Because I don't see any markers that give me an idea that what the current CEO is doing will move the company in that direction
Within three to four quarters since taking over, operating fundamentals should show marked improvement. 2018 is do or die. I expect thing to start moving upward this year.