Re:Blockbuster: Losing the plot
by jessaustin on Monday November 03, 2014 @03:00PM
(#8553073)
That painted Keyes as a latter-day Howard Hughes, never leaving his airplane hangar and letting his toenails grow out. Surely no one was surprised when the executives quit? Those toenails are gross! b^)
Seriously though, there seem to be some psychological irregularities in Keyes's behavior. He spends 21 years at 7-11, working his way up to President and CEO, and then he can't enjoy retiring with his millions? Well that's OK, lots of dudes in that position find it interesting to serve on boards or as high-priced consultants. Instead, he bribes a meddlesome private equity guy like Icahn into leadership of a company that was largely built by a former rival exec at 7-11? Jealous much? Usually private equity has to pay a premium to execs, because they're such a pain to work for. (Alternatively, because they disrupt much of the back-scratching pretense at corporate governance seen at publicly traded firms.) This guy must have had the mother of all mid-life crises.
Seriously though, there seem to be some psychological irregularities in Keyes's behavior. He spends 21 years at 7-11, working his way up to President and CEO, and then he can't enjoy retiring with his millions? Well that's OK, lots of dudes in that position find it interesting to serve on boards or as high-priced consultants. Instead, he bribes a meddlesome private equity guy like Icahn into leadership of a company that was largely built by a former rival exec at 7-11? Jealous much? Usually private equity has to pay a premium to execs, because they're such a pain to work for. (Alternatively, because they disrupt much of the back-scratching pretense at corporate governance seen at publicly traded firms.) This guy must have had the mother of all mid-life crises.