Big Dog's Boom Boom Room Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Carragher who wrote (85363)	5/28/2007 2:29:08 PM
From: Elroy Jetson	Read Replies (1) of 206192

Which government required oil companies to diversify into retail stores and the computer business? I recall that particular stupidity coming from consultants at McKinsey & Co. You can't blame all management ignorance on the existence of governments. During the same period of time McKinsey & Co convinced Sears to diversify into the financial services business - with equally disastrous results. Many of these governments are run by the very same ignorant business executives. People like Don Rumsfeld who have left a wake of disaster in both business and government. Companies which become involved in businesses they are wholly unfamiliar with usually produce equally disastrous results, the mysterious synergies never appear and even when they do they are overwhelmed by the losses caused by general ignorance. Unlike Exxon, Mobil and Sears, Chevron ignored the advice of McKinsey consultants to get into businesses they knew nothing about. Chevron's farming and real estate development, businesses developed naturally over time as a result of their ownership of depleted oil fields. Not everyone succumbs to the spell of idiocy. .

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next