Today’s business headlines are positively screaming with the news that the Yahoo board of directors fired CEO Carol Bartz over the phone yesterday. It doesn’t really matter whether Bartz deserved to get fired or not. She’d been there two years and Yahoo stock is still in the basement, which is what she was hired to … More Yahoo Board to Shareholders, “We have no idea WHAT we’re doing!”
Today’s Los Angeles Times has a big headline “Defense Chief Leon Panetta’s Commute Raises Eyebrows.” Defense Secretary Panetta, who is from Carmel California, generally flies home on weekends instead of staying in Washington DC. Of course, being the Secretary of Defense, he is on duty 24/7 and doesn’t go ANYWHERE without an insane amount of … More Sometimes it’s who is NOT talking that tells the story
Dodgers fans have been saying for a long time now that ANYONE would be preferable to the McCourt family, the scandal-plagued current owners of the baseball team. But recent news of a $1.2 billion offer to buy the team from the McCourts stirred up a hornets nest when it was revealed that Chinese government money is … More Chinese Sovereign Wealth Fund Buying LA Dodgers?
About 10 minutes ago Apple announced that Steve Jobs has resigned as CEO. In a company that is built on a singular vision of a visionary leader, that’s a very dangerous moment. I’ll be watching to see how Apple handles the PR situation around it and how the market reacts. Because the stock hasn’t stopped … More Apple’s biggest moment
On a whim I grabbed a copy of Jim Collins #1 business bestseller Good to Great. Collins made a name and a fortune for himself (as an author, speaker, management consultant) by embarking on detailed empirical studies of eleven of the “greatest” companies in America in order to tease out the “Seven characteristics” that made … More Good to Great… to Gone
Disgraced former Tour de France winner Floyd Landis’ used the WSJ to air a sudden about-face admission that he used performance enhancing drugs. The internet is buzzing with these charges, not because we’re surprised to hear that Landis was a doper but because he’s fingering Lance Armstrong and other former teammates as fellow dopers. Armstrong … More International Cycling’s Crisis of Confidence
The number one rule of making a celebrity scandal go away is to STOP doing stupid things, at least in public. But, according to TMZ, Sandra Bullock’s husband Jesse James decided it would be a great idea to perform a “Citizen’s Arrest” on a paparazzo who had been staking out his business ever since his extra-marital … More How to make a sex scandal NOT go away.
I’m guessing Mitt Romney doesn’t find this as funny as the President does.
150 Lawyers gather in San Diego plot their legal take-down of Toyota. … More Plaintiff’s Lawyer Feeding Frenzy on Toyota
The Original Spin 