WalMart's industrial strategy is similar to the Titanic strategy. Build a boat so big it can't sink. And if any retailer could be that big, then WalMart was it.
Mr. Chambers appears to have been great at operating Cisco as long as he was in a growth market.
CEO and Board changes have confused the management team and investors alike.
The values of publicly traded companies change, often dramatically, based upon changes in performance and investor expectations about the future.
The death spiral at Sara Lee began in 2006. "Professional managers" from top-ranked MBA schools started "improving earnings" with an ongoing program of reorganizations and cost reductions.
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