Friday, May 07, 2004
Letters from readers: "Boot Bush from the board
What company would keep this CEO? He has underestimated the competition. The balance sheet has deteriorated dramatically. There is no indication where costs will be cut and no enthusiasm for doing so. His grandest initiative has proven to be at the minimum ill-informed, without sufficient resources and having no discernible long-term thinking. Budget estimates for his grand initiative have been off by roughly 40 percent.
No one on his team is punished for outing an undercover agent working for the company itself, and he seems uninterested in the search. He has demonstrated an inability to learn from experience and to be incapable of the admission of error. No one on his team is fired for poor performance, only disagreement.
Potential partners no longer look to the company for leadership. Moral and political capital is at an all-time low.
On that basis, should we keep him?
Bill Mease, Minneapolis."
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