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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.
The world has changed. But this call, and the mountain of powerpoint slides and documents put out with it, reiterated just how little JPMC (and most of its competition, honestly) has not.
The signs of this shift are everywhere. From the complete collapse of Circuit City and Sharper Image to the flat sales, reduced number of U.S. outlets and falling per-store numbers at Wal-Mart.
Mark Zuckerberg was Time magazine's Person of the Year in December, 2010.
Growth Stalls are a great forecasting tool because they indicate when a company has become “out of step” with its marketplace.
Groupon is a remarkable company, in a remarkable market.
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