I guess you have to in a way, if you leave once a company is truly financially destroyed, there would be no way that you'd get another job!
said Philip Green boardng his new yacht.
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Tue resigns at B&O?
60 replies
Nevermind, at least the company is healthier now than when he took over with nothing but a bright future ahead, he certainly steered it away from impending doom - well done I say and good luck in your future endeavours!
Totally agree with you Puncher! Tue made nice tasty lemonade out of a load of rotting lemons that were doomed for the bin!
Good riddance, glad he's gone. He was just another McKinsey hack. I said that right after he was hired. The only thing he did not do, that I said he would was sell the real estate off and then lease it back. Not much left of the company, except a bunch of made in China crap.
If you can't convince someone to invest £50m to produce £100m a year in revenue and therefore &£30-40m in margin, there is something wrong with the plan or you just aren't explaining it properly.
Well try it then.
A lot of businesses can show that borrowing $50m to make $100m is a good feasible plan. However, borrow $50,000 and default and its your problem. Default on $50m and its the Banks problem. Banks are risk adverse (of lending their money) by nature. Venture capitalist will back you....but then why when their haircut will leave you high and dry even if you are successful.
I thought Tue was a splendid chap - friendly and approachable and a good sense of humour. I wish him every success in the future. Completely biased admittedly as on my 50th birthday, he came and found me in the Struer hotel and gave me a birthday present. I was extremely touched.
My B&O Icons:
Not much left of the company, except a bunch of made in China crap.
Not really sure that's very fair. The BeoPlay products - on the whole - are decent. I absolutely love my A9. It seems to get better with age and is an all-round great speaker. Much prefer the audio from this than, say, my BL19s (with BL20).
Besides, the speaker range is decent and the BV11 can't really be faulted and will be improved this year.
Tue couldn't be a miracle-worker. I walk past my local B&O store at lunch, most days, and rarely see anyone in the store. The footfall must be very poor recently, meaning people aren't buying many regular B&O products, hence the push towards BeoPlay.
From a personal point of view, I think he has done a great job during difficult times, he has brought a youthful and dynamic image to the brand with the Play range and crowning glory has to be the Beolab 90. We have had loads of new products, compared to the past when it took forever for a new product to be released.
Anyway, I congratulate him on an excellent job and wish him well in his future career,
Location: United Kingdom
My B&O Icons:
Not much left of the company, except a bunch of made in China crap.Much prefer the audio from this than, say, my BL19s (with BL20).
Do you men BL18 and BL19 Moxxey? If so then that is really quite a statement on behalf of the A9!
Arguably Tue has steered the company to produce the very best speakers on the market in both the high and low end price brackets, and much in between.
The problem that I have with CEO salaries in general is that they have now reached a point, relative to that of the 'Workforce', where it is really difficult to understand how any of them give value for money. And the same goes for McKinsey and similar consultancies brought in by CEOs who look for expensive outside advice (to blame when things don't work out).
Graham
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