Policy Wonk 90210 wrote: Is it true that
Philbert's gay bath-house on Riverside is up for
Zorro: It will probably be bought by some Arab investor
place genitically-correct statues around
the back yard and paint them in true-to-life colors.
My first three years were Dr. Boyd's last. This
may well become a classic example (and a lesson to
all investors) of how easily an S&P500 company can
unravel under the control of a CEO with no leadership
skills or vision.
I firmly believe Mr. Farmer has no
plan and needs to be pushed out as soon as
Since I was one of the lucky ones to escape from
the company town of Melbourne, I'm now just watching
with great sadness a once great company go down in
flames. When J.B. ran the company, you might not agree
with him (and I frequenctly didn't) but the man knew
how to lead! H. with his orchids was the start of the
slide and he hired Phil... It was frequently said even
by the competition) that ESS could solve ANY
technical problem, just make a business case and turn them
loose. Unfortunately, the NASA blvd. book-keepers
wouldn't know a business vision if it bit them on the
butt. Phil has been building his house and working on
his golf game so long, he has forgotten whatever
business acumen he ever had. Seems like corporate is
closing ranks around their stock options and not telling
anyone what the plan for the future is. Who do they
think will implement the "great plan" when it is
revealed (if ever)?
I'm not sure what you mean by a "looser". I'm
assuming you mean winning a bid we can't possibly do on
schedule and on budget, but bid anyway because the
customer wanted us too, or we saw a potential for future
work. In those cases its hard to say thier loosers, but
they certainly are for the poor schmucks who have to
work unpaid overtime to meet some unrealistic
Accountability should go along with the BD position.
sometimes programs become loosers due to inept management,
apathy, failure to understand the problem
(technical/Financial), or gather the right skill sets.
different forms of leadership. Theres the caretaker manager
and the leader (example: Steve W. from Apple).
Another example of a high tech leader is Jeff from
Amazon.com. If I have a problem ordering a book from this
firm I can email Jeff@amazon.com and get a response
that day! Firms today need leaders like Jeff/Steve and
not the cocktail swilling, golf playing caretakers
which exist in some firms.
I don't pretend to
have all the answers, but I know what inspires me to
work, and I didn't have to read BusinessWeek to find
... would you be available for a CEO position, if
one were to open up?
Oh by the way, one
additional comment, commissions for the Business Development
folks are 'OK' as long as they also suffer the
consequences for landing a 'looser'. This is something that
has happened far too many times, recently. The
Business Development resource receive their 'Award' and go
off to find another looser.
After all this re-branding and re-positioning and
"pure-play" company and trying so hard to
"increase shareholder value", has anybody noticed that the
Harris stock price is within about a buck and a half of
its 52-week low? There's not much evidence that the
BOD is noticing. Hopefully, they will wake up and
come to the realization that image is NOT everything,
and get down to the business of managing the company
and stop trying to manage the stock price. Cruz99's
suggestions are a good start.