Silicon Investor (SI) -- The First Internet Community

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.

Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Paul Smith who wrote (155235)	1/29/2011 11:29:53 AM
From: Mary Cluney	Read Replies (1) \| Respond to of 541878

<<<So what was your point about them going out of business? >>> There is an old saying in business. A business can not succeed based purely on cost cutting. An opportunistic CEO may take over a business and produce a profit by cutting costs and show signs of profitably in the first year or so, but he will not succeed if he does not find money to grow the business - find and hire great new employees, invest in marketing, sales, and R&D. Give me one example of a CEO who succeeded in business purely on the basis of cost cutting.