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Recently, The Wall Street Journal reported on how Procter & Gamble’s CEO is under scrutiny by investors and the board for a stalling turnaround effort. P&G’s Stumbles Put CEO On Hot Seat for Turnaround. Most painfully, but all too common, this is occurring in the middle of a very difficult turnaround.
I like to say (especially to business buyers with stars in their eyes) that, “turnarounds make headlines because they are rare.” The owner can spend their time on strategy, vision, and solidifying customer relationships. Business Buying Exit Strategies Increasing Value Weekly Memo'
Outsiders, in effect, have become more of an intentional leadership choice than a stereotypical hire in a turnaround or crisis situation. “Chairs are saying, ‘You know, let’s get out in front of the problem before we have a Wall Street Journal[–reported] boardroom coup.’”
The July 29, 2015 edition of the Wall Street Journal featured an article titled, “The Cost of Germany’s Graying Managers.” Once stagnation hits it may not be a turnaround but it sure is a fixer-upper, and that is something all sellers need to avoid. Conclusion. The seller should have sold one-to-three years earlier.
On May 4, 2015 a Wall Street Journal article discussed the Japanese company Suntory and its 2014 acquisition of Jim Beam. Sears was in the headlines because they are running out of cash as their turnaround is failing. Hitting that goal won’t be easy. The above two paragraphs make my point about where was the common sense.
The bank making you sign a personal guarantee always reminds me of a story my friend Mike Flynn, former publisher of the Puget Sound Business Journal, told about a bank president who said if you’re not willing to put up your house why would the bank take a risk on you and lend you money. You will need some of your money for the deal.
Rather than translate, please consider the Wall Street Journal report Spain Joins Negative Yield Club. This is quite a turnaround for Spain. Visit [link] to learn more about wealth management and capital preservation strategies of Sitka Pacific.' Spain has joined the sub-zero debt club, just. Quite frankly, that''s idiotic.
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