March 2nd 2005
Why Smart Executives Fail. Sydney Finkelstein. And what you can learn from their mistakes
Why Smart Executives Fail. Sydney Finkelstein. 2003. ISBN 1591840457. This was pleasant and educational surprise. The sub head is; And what you can learn from their mistakes. The book is a no nonsense, jargon free accounting of many major mistakes, from billion dollar failed M&As (Daimler-Chrysler, Quaker-Snapple), fraud (Enron, Worldcom),deception (IMClone), egoism (An Wang, Motorola, Mattel), family run into the ground (Tyco, Levis, Schwinn) and so non. Each chapter summarizes with points to recognize the key issues. Then the book summarizes how smart executives learn , plus details on how good turnarounds have been done. This is a personal library book for all executives; CEOs, COOS and Board Chairmen plus investors should read and reread. I found it at a remainder store. I was very surprised at his chapter on the “zombie” company.
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Category: Management, Strategy
