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7 replies (most recent on top)
Water is wet.
The sad thing is he is going to run the company into the ground and then leave with a golden parachute. The next CEO is going to inherit a run down company and probably be blamed for everything. People will say "it wasn't this bad when Frank was CEO."
Frank is a failure much the same as Ursula Burns at Xerox and Bob Nardelli at Home Depot were. Both were hated to line staff, both made a ton of money and had sweet golden parachute deals. Both found new gigs after a spell on the beach. So Frank has a good future ahead of him for Frank alone. Yabuki did pretty good too.
Wouldn't we use stock price as a proxy for how much Wall Street "likes" Frank? The long term institutional investors who rode the Yabuki train on stock price growth can't be too enamored...
Wall Street and the board seem to like him, probably because he's making cuts left and right to manufacture ostensible profit growth. Eventually there won't be much left to cut without the whole house of cards falling down, but Frank might be smart enough to know when exactly to bail to avoid the fallout.
Change my mind.