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Tuesday, June 25, 2002Fortune: Why Companies Fail. "Why do companies fail? Their CEOs offer every excuse in the book: a bad economy, market turbulence, a weak yen, hundred-year floods, perfect storms, competitive subterfuge--forces, that is, very much outside their control. In a few cases, such as the airlines' post-Sept. 11 problems, the excuses even ring true. But a close study of corporate failure suggests that, acts of God aside, most companies founder for one simple reason: managerial error."
Posted to finance @ 11:50:45 PM ( comments)
Jokes about economists and economics. "Economics is the only field in which two people can share a Nobel Prize for saying opposing things." Posted to finance @ 11:48:34 PM ( comments)
Updated 8/22/2002; 5:27:25 PM
