When it comes to Corporate Governance, Best Buy (ticker: BBY), can't get out of it's own way. This weekend's news that Best Buy's Board of Directors is investigating allegations that CEO Corie Barry had an inappropriate romantic relationship with a former Best Buy executive is a bit of a head-scratcher. We have seen this Best … Continue reading What’s Up With Best Buy’s Culture?
Category: Corporate Governance
Roper Technologies has generally executed well over the past number of years. We offer three recommendations to Roper for driving superior operational performance and shareholder returns. 1.) Focus the Enterprise Software M&A strategy: This is Priority One. To date Roper has taken a buckshot approach to M&A with acquisitions scattered across the Software landscape. This … Continue reading Here’s How Roper Technologies (tkr: ROP) Can Raise Its Game
We have previously written about CEO personality attributes as part of our Alternative Investment Data effort at CEORater. The most comprehensive CEO personality analytics piece we have published is our May 2018 "Big 5 Personality Analysis of Mid-Cap Software CEOs". In this article we cover company-specific risk created by CEO narcissism. "Narcissism" is not a … Continue reading Alternative Investment Data: CEO Narcissism & Company-Specific Risk
A Winning Culture Doesn't Happen by Accident "Culture" is a word of the moment that has been spoken ad nauseam, primarily by sports and business media. Sports journalists heavily used the word during the recent NFL coaching carousel. What these journalists failed to mention is that "culture" in the context of an organization is not … Continue reading Defining A Winning Culture
Yesterday Expedia (ticker: EXPE) announced that its CEO and CFO had resigned effective immediately. The reason? A disagreement in strategy with Chairman Barry Diller. Expedia's former CEO and CFO had pursued a corporate reorganization to "streamline operations" to "drive innovation at scale." Our observation - certainly insofar as the Technology industry is concerned - is … Continue reading Decentralized Operating Models Will Always Win the Day Over Centralized Counterparts
We attended Polaroid Day at MIT Museum this weekend and were reminded of the genius of Edwin Land, co-founder of the Polaroid Corporation. "Like visiting a shrine" is how Apple co-founder Steve Jobs described meeting Land. Polaroid's Board did a great disservice to Land and his company. Film Forever Polaroid's original instant camera - 1947's … Continue reading Polaroid Day & “Polavision” Instant Video
Over the past several years as I've read articles about Uber, WeWork and a number of technology startups, my takeaway is that many of these companies lack focus. They lack a focused mission. They lack strategic and operational focus. I understand the argument that institutional investors want growth in the absence of yield, but too … Continue reading Growth at All Costs Leads to A Lack of Focus
How Not to Build A Company Consider this one of our corporate governance articles. Reading about WeWork one can't help but wonder "Where were the adults in the room? Where was the Board?" Here is a partial list of WeWork's gaffes. WeWork founder and former CEO Adam Neumann and the Board creating and approving a … Continue reading WeWork
When is the correct time to sell your company? Many entrepreneurs and CEOs struggle with this question. A blueprint unfortunately does not exist. Below are signposts we have observed primarily across Application Software, FinTech, InsurTech, Information Services, IT Services and Technology-Enabled Services. The company participates in a mature end market and continued growth is dependent … Continue reading Is It Time to Sell Your Company?
We recently wrote that “Scale Matters in Tech”. Technology companies that have captured the number 1 or number 2 position within a particular vertical enjoy Economies of Scale including: 1.) automatically getting a seat at the table for sales bakeoffs, 2.) job seekers naturally gravitate toward market leaders, 3.) prospective acquisition targets will find you, … Continue reading Three Activist Investor TargetsPremium