Month: July 2010

|In: ManagementSpeak|Last Updated:

ManagementSpeak: We plan to divest two units within our business area. These are both solid businesses with good growth prospects, but their growth and ultimate long-term value are currently being constrained by their affiliation with us.

Translation: Their growth prospects suck, and they’ve been a drain on our bottom lines.

Lockheed Martin Chairman & CEO Robert J. Stevens was the guilty party, cited by an employee who wisely chose to remain anonymous.

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|In: Industry Commentary|Last Updated:

Are we serious?

Total global wealth stands at $125 trillion, more or less. The total world market for financial derivatives stands at $700 trillion. Does anyone else see something terribly wrong with this picture?

I’m hesitant to form a Strongly Held Opinion about complex matters I only dimly understand. So it’s with some trepidation that I ask this question: Is everyone involved in this completely nuts?

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