The worst CEO of 1997... Vote Here! Message Board

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Pastimes : The worst CEO of 1997... Vote Here!

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To: JEFF CHAPMAN who wrote (59)	12/3/1997 8:46:00 PM
From: Leo Mitkievicz	Read Replies (1) of 89

Jeff Somebody has to say "Cowpland." Dr. Michael Cowpland, Founder, Chairman, CEO of COREL. Wild to "bet the company" on JAVA. Lost the bet. Denied and repudiated JAVA. Then denied he did that - more into JAVA than ever. Ran the Wordperfect franchise into the ground with painfully wasted $$$ on pointless ineffective advertising. Sold a million personal shares 2 weeks before announcing - uh, we're not making Q3 estimates cause Wordperfect hasn't been selling. Then discovered that his company had been padding revenues (for Q3 only of course) and had excessive inventory in the channel to be written off. Announces changes in revenue recognition policies which his CFO, Chuck Norris, promptly denied had happened. Still repeating this crap for public consumption. Cowpland manages Corel as Emperor of Corel World. Snap, turn on a dime, decisions have cost millions this year. His "management" is a bad joke. The retail market was abandoned for a while to focus on the corporate. Now with release of Draw 8 we hear retail again. Resource hungry spin-off Corel Computer Corp will try to market redundant "Visual Network Computers." Oh, you'd love the lifestyle... The cars, the mansion Before I read all the posts on this thread I couldn't picture anybody being worse. Even after reading them, Cowpland gets my vote. Leo

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