Reminds me a a company I worked at, I can't say it's name, let's just say it rhymes with Dewlett Dackard.
1) Start with a $55 billion dollar company...
2) Hire a new CEO and cronies that are going to make miracles happen with with a very expensive acquisition of another company.
3) 18 months later the miracles have not happened. CEO and cronies are invited to leave with very generous golden parachutes.
4) Start with a $50 billion dollar company...
I've always suspected that the primary reason so many small businesses shut down during recessions (or large businesses lay off huge amounts of staff) doesn't actually have anything to do with cashflow but instead the fact that management can save face by blaming the economy at large.
I recently purchased a Drinter from them. Wirecutter recommended it. I even signed up for Dewlett Dackard Plus since it sounded like a better deal than buying ink on its own.
1) Start with a $55 billion dollar company... 2) Hire a new CEO and cronies that are going to make miracles happen with with a very expensive acquisition of another company. 3) 18 months later the miracles have not happened. CEO and cronies are invited to leave with very generous golden parachutes. 4) Start with a $50 billion dollar company...