The Next Big Meme? "Iraq, the dot com war"

[Carmerian]

More bon mots from Steve Gilliard. I really hope someone like Paul Krugman picks up on this :


The modern school of management

"Iraq is all too familiar.

"Arrogant company founded by rich kids, hires on daddy's former employees as advisors and then starts spending wildly.

"Company embarks on risky venture against all industry practice and advice and gains early success. As time goes on, the business proves to be more difficult and the debt, run up so easily in the past, starts to be a burden.

"The company, realizing the need for change, starts to negotiate for loans and investments. Only problem is that the people most likely to invest have pretty steep terms. The management, run by people who have no clue, demand to keep their seats on the board, and most of their shares. The investors, who never liked the management or the plan, shake their heads at the arrogance. They're the ones begging for help, yet they expect to still have a say in running the company as the majority partners. "


For those who are unfamiliar with Gilliard's work, here is a link to the 10Q analysis series he did at Netslaves.

[RobertSeattle]

1. I like it...

Sounds like a suggestion for www.fuckedcompany.com...

[leftofthedial]

6. LOL! The United States of America

FUCKED COMPANY!!!

[tom_paine]

9. There is no more United States of America

There is only the Amerikan Empire.

Of course, it will be quite some time before the history books acknowledge this, and by the time of Emperor Ahnold or George P. Caligula such treason will be met with swift penalties.

[Carmerian]

11. Actually

...though it's made some bad investments recently, I think USA, inc. still has some solid fundamentals. I'm changing my recommendation about BushCo. from a "hold" to a firm "sell", though.

[KoKo]

2. Excellent! And as we on DU have been saying............

A great analogy......lots of food for thought there. In Chimp's case he always get's bailed out.....someone comes in and takes the failed company off his hands......as has been noted many times here on DU.

This article puts a "face" on what we've been saying here about these people. Failed CEO's. Think America is a Business and not a Nation of People that the Government is answerable to. They think we are some "dumb bunny, disinterested shareholders they can hoodwink like Enron did."

Total run amok business perspective......"Failed" business perspective.

Great Post! thanks!

[carolinayellowdog]

3. Can't blame the rest of the world for sitting back

and letting the US taxpayers bear the brunt of this misadventure. I hate the Nader "it has to get worse before it gets better so let's help it get worse" attitude. But can't honestly say I want the UN to bail us out either. It's a lose/lose situation. If the rest of the world bails us out, we lose because we are more likely to be stuck with Dubya. If they don't, we lose because the situation will get worse and worse and consume more money and lives.

[Bake]

4. Let's hope the CEO gets fired

And takes his sorry-ass board of directors with him!

Bake

[Carmerian]

8. Yes

I'm waiting for his company's artificially inflated stock price to come crashing down. Maybe those picking up the pieces later will find some evidence of that stock price having been...manipulated.

(stock price = approval ratings)

[KoKo]

5. Can't get link.....it's not archived.....or archive doesn't work.....can

you re-link?

[Carmerian]

7. Which one doesn't work?

nt

[charlie]

10. You can read it on his weblog

http://stevegilliard.blogspot.com/

Unfortunately, he doesn't have links to individual posts, so you'll have to scroll down a bit (or search for "dot" on the page).

For future reference, it'll be archived here:

http://stevegilliard.blogspot.com/2003_08_31_stevegilliard_archive.html

[Carmerian]

12. Search for "Arrogant"

nt