Many CEO’s have a built-in excuse as to why their company is struggling, or not performing to par, the market. Companies are no longer taking responsibility for their own lack of performance. It seems the economy gives management a scapegoat and instead of admitting they had a bad quarter or year, they simply play the blame game. Still there are companies achieving record highs and thriving despite what many believe is a bear market. These companies turn their attention to achieving their milestones, with their nose to the grindstone. Their management team are committed to attaining shareholder value, and play the stock market game to win. Investor’s are savvy and understand which companies are trying to stay on the radar and not hiding when times are bad only to emerge full swing when things are going well. These fair weather CEO’s can be compared to a sports fan who only cheers for his/her team when they are playing well. Where’s the loyalty? To finish this analogy, blaming the economy for bad performance is like a sports coach blaming the referees for losing the game. Do they really expect investors to hate the game, not the player?
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