Apology = power to move !
A huge tech company, once a leader, a bell weather, is struggling for last few years.
Looking back, blame goes to some bad strategy, bad acquisitions, bad partners, wrong hires, letting go of good leaders, focusing away from core competency, being shallow etc. etc.
Not done ! The biggest cause is - "Denial" that the company is in trouble.
Being a public company, investors have severely punished this ticker over recent past. Once, the blue eyed boy of wall street, the CEO is clearly out of favor. Someone who has led this giant to where it is today in 20 yrs of his tenure as CEO.
The past glory and charisma mixed with Denial, sure confused the hell out of everyone who loves this company.
Then comes this "Apology". Like magic, the investors showing trust again. The ticker is green for a change. Hope, this is a wake up call, and the apology is an end to the denial.
A huge tech company, once a leader, a bell weather, is struggling for last few years.
Looking back, blame goes to some bad strategy, bad acquisitions, bad partners, wrong hires, letting go of good leaders, focusing away from core competency, being shallow etc. etc.
Not done ! The biggest cause is - "Denial" that the company is in trouble.
Being a public company, investors have severely punished this ticker over recent past. Once, the blue eyed boy of wall street, the CEO is clearly out of favor. Someone who has led this giant to where it is today in 20 yrs of his tenure as CEO.
The past glory and charisma mixed with Denial, sure confused the hell out of everyone who loves this company.
Then comes this "Apology". Like magic, the investors showing trust again. The ticker is green for a change. Hope, this is a wake up call, and the apology is an end to the denial.
Posts
No comments:
Post a Comment