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Stanley Black & Decker, Inc. Message Board

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  • DONEDEALER DONEDEALER Jul 7, 2000 7:39 AM Flag

    TO nbdiehard

    O'Connor fired as CEO of GTECH after
    only 5
    weeks on SWK BOD. Reason
    was dissatisfaction with
    his
    performance by GTECH board.

    What does this tell
    us?

    1. JT has a knack for picking losers.
    2. SWK
    board comprised of former
    execs and professors with
    little
    current direct involvement in
    manufacturing
    businesses.
    3. The GTECH board has more courage
    than SWK
    board in dealing with poor
    performance.
    4. The
    SWK board of directors
    has a collection of
    individuals
    whose primary interest is in
    collecting their fees
    and in
    perpetuating the tenure of JT.

 
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