3.0
Jun 11, 2008
Recommend
CEO approval
Business Outlook
Pros
Fantastic legacy - the company still an industry leader. There is an impression, however, that the company is sliding in the ranks as we yield leadership in various industries and segments. Ultimately this could be due to a strategy which takes too much cash and uses it to buy back shares rather than re-investing in the company for sustained competitive advantages.
Cons
Micromanagement and myopic focus on the quarter as opposed to the tackling of strategic issues.