If the investment community is listening...
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In 2003, Hasbro was in disaster mode. Hasbro promoted Al Verrecchia, a numbers guy, as the new CEO. He was a numbers guy. He was a numbers guy working his way up through finance...
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In 2004, Lego was nearing bankruptcy. Lego brought a number guy, Jorgen Vig Knudstorp as the new CEO. He was a numbers guy, PhD in economics...
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in 2017, Mattel is now in disaster mode. Margo was brought on to drive innovation. Wrong move. Nothing against Margo, she has earned her career. But Mattel is chasing the wrong stick.
The earnings calls up to the third quarter focused on innovation. If infuriates me that the investor Q & A went along with it. This company needs 100% financial leadership to set up for success. The investors should require Margo take a CDO (Development) or CIO (Innovation) role and get a CEO who only focuses on the numbers. You have to fix the ship before you can sail it. Investor community: ASK the tough questions!!!! No more soft-balling it.