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Sara Lee Corp. Message Board

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  • albany4509 albany4509 Aug 1, 2003 10:11 AM Flag

    Dump McMillan

    Dump BOTH McMillian's.....

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    • McMillan has NO growth strategy. His main strategy is to close and consolidate facilities to improve earnings. There is nothing wrong with earnings but you can not consolidate a company into greatness. Recently he has boasted about strong and improving cash flow. How do you get strong cash flow with weak revenue and earnings? Simple, you stop making capital expenditures which provides a short term gain and a long term disaster. DUMP McMILLAN.

      • 1 Reply to ChiBull
      • ChiBull I have to agree with you. Capital is being cut left and right and that is a very short term payoff. I would guess all the bonus players are making their cash flow targets. The strategy only makes sense if the master plan is to break up the company and let the new owners re-invest. I also agree with others on this board that there is to much fat in the hierarcy at Branded Apparel. A few heads that were reduced last Friday was just the beginning of what is needed. Somehow or another though they seem to get the wrong ones. Why is it if sales are down, the cuts are in accounting and distribution? What happened to marketing and merchandising?

 

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