TheStreet
10 Worst-Managed Companies of 2010
By Scott Rothbort, Senior Contributor, 10/26/10 - 09:26 AM EDT
The companies on my list suffer from at least one of the following negative characteristics:
1. Poor Financial Condition
2. Second Banana Syndrome
3. Ineffective Management:
4. Strategic Mistakes:
I herby confer upon the following companies the distinction of being the newest inductees to my Worst-Run Companies list
An example:
Yahoo! (YHOO): Jerry Yang had the opportunity to sell Yahoo! to Microsoft (MSFT) for a nice premium a few years ago, but his ego got in the way of shareholder’s best interests. In January 2009, the company brought in Carol Bartz to try to turn it around. Despite her cheerleading and promises, she has not delivered. Now it appears that the company may be sold to a private equity firm or consortium of private and public investors.
The real value in Yahoo!, despite all of its excellent content, is in its investment in Alibaba, a Chinese ecommerce company. Yahoo! is failing to grow the monetization of its own content at a level consistent with its competitors. The company has also missed the explosive growth in the smartphone/mobile telecom market, which I consider a big misstep. Whether it is under Wang or Bartz, Yahoo! is a poorly run company.
Read more: http://stockpickr.com/10-worst-managed-companies-2010.html?cm_ven=spnew
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