Thursday, November 20, 2008

Bring out yer dead

As the markets continue to tank, along with my (and hundreds of thousands of others) hopes and plans for the future, I can’t help but wonder how many companies now with their hands out and/or declaring massive write-offs, potential bankruptcies and so on are simply taking advantage of the situation as an opportunity to clean their books and get rid of any and all weakness in their corporate portfolios.

Surely there can’t be that many piss-poorly managed companies out there.

Can there?

1 comment:

WesternGrit said...

In a corporate "idiocracy", when every schmuck and his uncle think they're "business-people" (even if they're just in it to write off a lease on that new SUV), there are LOTS of poorly run businesses.

One need only look at the American car companies. Creating a car culture based on excessive fuel use and "grandiose" American style. I've been to Europe and Asia, and they've had more efficient lifestyles since - at LEAST - the 70s. We are roughly 40 years behind in many respects.

What we are going to see, as a result of this, are the things we hoped to see in the 70s: better environmental standards, more fuel efficient vehicles, better government standards. At least in the US. Unfortunately, up here, we have a government bent upon reducing "government", continuing to "re-fuel" the corporate big boys, and running it's own scary agenda in the face of turbulent times.