kimmy Posted August 21, 2012 Report Posted August 21, 2012 Honestly, this sounds like the kind of crap you'd hear on the Rush Limbaugh show. (read this in a Rush Limbaugh voice, or Foghorn Leghorn if you prefer.) "We got-- I'm just reading this here-- we've got a billion dollar company going down the tubes because some secretary-- probably some college-educated 'liberated woman'-- shook her ass in front of the CEO! Can you believe this? We got-- we got thousands of people gonna lose their jobs! Because some bimbo-- I mean, some businesswoman-- couldn't keep her skirt down, and then cried sexual harassment. Can you believe it? That's right, folks. Welcome to America 2012. Obama Nation. Makes you proud, doesn't it? Some bimbo lifts her skirt and cries sexual harassment and thousands of people lose their jobs. Makes me sick." --- I know this guy who was at one point in time placed extremely high in a medium-sized Canadian retail group. One time over drinks a group of us were discussing why all these box stores are springing up. He suggested that if you've got a big chain and your sales are languishing and your inventory is way too high, the easiest way to make your books look good is to... open more stores! Yep, common sense says that's not a smart thing to do. But big-time accounting, gotta impress the shareholders-type thinking says that it's exactly the right thing to do. Because you open 5 more stores, shuffle your inventory around, and then... ta-da! instead of a glut of inventory resulting from sluggish sales, you've got exactly the right inventory for the number of stores you have, and plus you can show your shareholders that you're Expanding Aggressively! Woot! -k Quote (╯°□°)╯︵ ┻━┻ Friendly forum facilitator! ┬──┬◡ﾉ(° -°ﾉ)
Michael Hardner Posted August 21, 2012 Report Posted August 21, 2012 Wow... That is some good Rush-speak. Quote Click to learn why Climate Change is caused by HUMANS Michael Hardner
jbg Posted August 21, 2012 Author Report Posted August 21, 2012 Wow... That is some good Rush-speak. I'm sorry. I don't listen to Rush Limbaugh or any talk radio, conservative or otherwise. Quote Free speech: "You can say what you want, but I don't have to lend you my megaphone." Always remember that when you are in the right you can afford to keep your temper, and when you are in the wrong you cannot afford to lose it. - J.J. Reynolds. Will the steps anyone is proposing to fight "climate change" reduce a single temperature, by a single degree, at a single location? The mantra of "world opinion" or the views of the "international community" betrays flabby and weak reasoning (link).
msj Posted August 21, 2012 Report Posted August 21, 2012 I'm sorry. I don't listen to Rush Limbaugh or any talk radio, conservative or otherwise. He's referring to kimmy's version in post #26: (read this in a Rush Limbaugh voice, or Foghorn Leghorn if you prefer.)"We got-- I'm just reading this here-- we've got a billion dollar company going down the tubes because some secretary-- probably some college-educated 'liberated woman'-- shook her ass in front of the CEO! Can you believe this? We got-- we got thousands of people gonna lose their jobs! Because some bimbo-- I mean, some businesswoman-- couldn't keep her skirt down, and then cried sexual harassment. Can you believe it? That's right, folks. Welcome to America 2012. Obama Nation. Makes you proud, doesn't it? Some bimbo lifts her skirt and cries sexual harassment and thousands of people lose their jobs. Makes me sick." This is epic kimmy at her best. She blasts it out of the park. Quote If a believer demands that I, as a non-believer, observe his taboos in the public domain, he is not asking for my respect but for my submission. And that is incompatible with a secular democracy. Flemming Rose (Dutch journalist) My biggest takeaway from economics is that the past wasn't as good as you remember, the present isn't as bad as you think, and the future will be better than you anticipate. Morgan Housel http://www.fool.com/investing/general/2016/01/14/things-im-pretty-sure-about.aspx
kimmy Posted August 21, 2012 Report Posted August 21, 2012 aw, shucks. -k Quote (╯°□°)╯︵ ┻━┻ Friendly forum facilitator! ┬──┬◡ﾉ(° -°ﾉ)
Black Dog Posted August 21, 2012 Report Posted August 21, 2012 Actually it's not. Best Buy is, along with the much small P.C. Richard chain, the "last man standing" in this business. There is always a need for a customer to be able to view merchandise "in the flesh". However, any chance for recovery can be damaged or eliminated by tangential matters. My only point is that the careers of thousands of low to middle income workers should not be held hostage to the CEO's personal foibles. Likewise, in the U.S. Government, much of 1997-9 was wasted on Bill Clinton's personal weaknesses rather than getting the country's business done. Except the personal foibles of the CEO are incidental to the problems the company is having. In other words, your premise is wrong. Quote
jbg Posted August 21, 2012 Author Report Posted August 21, 2012 Except the personal foibles of the CEO are incidental to the problems the company is having. In other words, your premise is wrong. I understand, from my legal practice, a bit about how a company collapses.Usually the first step in a company collapse is either vendors insisting on shorter payment terms, or cash-on-delivery (C.O.D.). Either one limits a company's cash availability. This often happens in response to media reports of adverse changes in management. The banks often promptly curtail the ability to draw on unused lines of credit. When these cash flow problems snowball the retailer then has difficulty paying its rent. This, in turn, often triggers a Chapter 11 filing. Caldors' plunge into bankruptcy in 1995 was triggered entirely by false rumors of cash flow problems. These rumors eventually created real ones. Now the company is gone. Quote Free speech: "You can say what you want, but I don't have to lend you my megaphone." Always remember that when you are in the right you can afford to keep your temper, and when you are in the wrong you cannot afford to lose it. - J.J. Reynolds. Will the steps anyone is proposing to fight "climate change" reduce a single temperature, by a single degree, at a single location? The mantra of "world opinion" or the views of the "international community" betrays flabby and weak reasoning (link).
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