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As a bit of a thicky - If it's all beer and skittles why have the Top Brass cashed in and naffed off?
Sorry Puncher, but that's a very negative typically cynical British view on business. That management are only at a company to a) look after themselves, b) make sure they are financially setup for life and c) quick to jump ship when things go pear-shaped.
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As a bit of a thicky - If it's all beer and skittles why have the Top Brass cashed in and naffed off?
My apologies, I was thinking of Tue when I wrote this and having checked he went in June 2016!😉 - where has 2 years gone???
Personal sorry to Henrik, I'll get the beers while you reset the skittles!
I find it almost hilarious to read on the report:
"Bang & Olufsen aspires to become the most desired audio brand in the world".
Er.. where are the audio systems? Look at the website, you'll see.. BeoSound Core. Is that supposed to be an audio masterpiece? There are now almost 10 different types of earphones/headphones, and ironically, none of the BeoVisions and BeoSounds has connections for them. And no Bluetooth transmitters either.
And BeoSound Shape must be the most expensive mono sound system in the universe..
Sorry but they still have to convince me to buy anything in the current range, especially now that 75% of the products under the B&O name will be made in China.
Excellent.I'll get the beers while you reset the skittles!
9
As a bit of a thicky - If it's all beer and skittles why have the Top Brass cashed in and naffed off?
My apologies, I was thinking of Tue when I wrote this and having checked he went in June 2016!😉 - where has 2 years gone???
Personal sorry to Henrik, I'll get the beers while you reset the skittles!
Why apologise? The CEO has been 2 years, the CIO less than a year, and the CFO just resigned. Just because a comment is a bit cynical, doesn't mean it's not true. And just because some take a Pollyanna view, doesn't mean they are right.
Sparkle Tech own somewhat less than 20% of B&O and it is owned 100% by Qi Jianhong. Sparkle Corporation own the rights to all B&O distribution in PRC. The manufacturing is owned by Chinese companies. Rest assured Qi Jianhong is one of B&Os "Gang of Four", and that he knows how to make money. B&O could do more just in China and the cities rich Chinese inhabit than they have ever done worldwide.
Them buying back shares means something.
But on another note, I would love to see the breakdown of where these 1000 employees actually work and what they do.
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