Those who believed in him and only him deserved to loose, they lost sight of what the company does and continues to do, They allowed dislike of TM to invade their rationale.
Several points:
I have never said I disliked TM. To the contrary, I've said I like him and have enormous respect for his pockets of brilliance. That hasn't changed. What I have said and will continue to say is that I disagree with certain decisions that have been made. When a CEO sacks the COO he's put in command, it indicates there are some huge rifts. If those were personal and the company's valuation were hurt as a result that's bad enough. But if they indicate fundamental flaws in products and/or financial clout that make the company unable to compete in the US market then we're talking major trouble. Two very strong personalities had different opinions on how these major flaws should be fixed. When push came to shove, TM won. Make no mistake. They've both made mistakes. Neither is innocent. But behind all the noise there's a crack in the armor, a leak in the dike, a cornerstone slipping, and that's why I've stepped to the sides.
If there's no buyout or major equity investor then we'll know TM's decided to go for another tighten-the-belt, shoulder-to-the-wheel, turn-around play.
My question is, will the Street buy it?
Pat |
