3 ms·
Reminds me a a company I worked at, I can't say it's name, let's just say it rhymes with Dewlett Dackard. 1) Start with a $55 billion dollar company... 2) Hi
by BMc2020 4y ago
Reminds me a a company I worked at, I can't say it's name, let's just say it rhymes with Dewlett Dackard.
1) Start with a $55 billion dollar company...
2) Hire a new CEO and cronies that are going to make miracles happen with with a very expensive acquisition of another company.
3) 18 months later the miracles have not happened. CEO and cronies are invited to leave with very generous golden parachutes.
4) Start with a $50 billion dollar company...
- hinkley 4y ago“The best way to create a small fortune in X is to start off with a large fortune.”
- thejosh 4y agoI also love the excuse for the last 3 years for anyone who made massive f'ups. "The last few years have been unprecedented times".
- AussieWog93 4y agoI've always suspected that the primary reason so many small businesses shut down during recessions (or large businesses lay off huge amounts of staff) doesn't actually have anything to do with cashflow but instead the fact that management can save face by blaming the economy at large.
- nerdponx 4y agoIsn't it somewhat well known that mass layoffs happen in recessions so that management can blame the recession?
- Spooky23 4y agoMeanwhile, competent people are rolling in cash.
- kylehotchkiss 4y agoI recently purchased a Drinter from them. Wirecutter recommended it. I even signed up for Dewlett Dackard Plus since it sounded like a better deal than buying ink on its own.
- swyx 4y agoonly $5b of value destruction isn't bad, considering the possible range of outcomes