Regrettably, mismanagement is the norm rather than the exception in modern business. GM, Ford, Chrysler, Bear Sterns, Lehman Bros, AIG, Citi-Group, Bethlehem Steel and a whole host of other industry giants ALL managed to bungle their ways to the very brink of bankruptcy, if not go completely over the falls, and that despite having had virtually every technical and financial advantage imaginable. To understand what’s really going on, check out a piece titled The Hatchet Man's Playbook. Can't recommend it highly enough.
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