Daily Archives: December 7, 2008

Is The Tribune Company Ready To File Chapter 11?

NewspaperA day ago came news that McClatchy (MNI) would sell its flagship Miami Herald. The day before, the Rocky Mountain News went on the block and Newsday said it would make additional newsroom cuts.

Public company newspaper chains Journal Register and Gatehouse have been kicked off the NYSE, and it is assumed that they are auctioning off their properties.

According to The Wall Street Journal, the industry got another piece of bad new. The Tribune, which went private a year ago, may file for bankruptcy as early as this week.

Douglas A. McIntyre

Posted on: December 7, 2008 – 6:21 pm in Old Media,

10 CEOs To Go In 2009 (BSX, C, DDS, EK, GM, NT, RAD, SNDK, SIRI, JAVA)

It is that time of year where companies should have been evaluating their plans for the year ahead.  Each year we come out with a list of companies who should get rid of their CEOs or which should make some strategic changes inside the company that revolve around the CEO and management.  Boston Scientific Corp. (NYSE: BSX), Citigroup, Inc. (NYSE: C), Dillard’s Inc. (NYSE: DDS), Eastman Kodak Co. (NYSE: EK), General Motors Corporation (NYSE: GM), Nortel Networks Corp. (NYSE: NT), Rite Aid Corporation (NYSE: RAD), SanDisk Corp. (NASDAQ: SNDK), SIRIUS XM Radio Inc. (NASDAQ: SIRI), and Sun Microsystems Inc. (NASDAQ: JAVA) are all on this year’s list. 

With so many stocks down 50% and more, we want to stress that the list could have had hundreds of management teams on the list if stock prices were the sole criteria.  Our criteria for change is far more than just poor stock performance.  The list is broken down individually below and summarized with links to the full story on each individual.

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Posted on: December 7, 2008 – 5:26 pm in Management Change, , , , , , , , , ,

CEO Of The Year Nominees: 9) Hugh Grant Of Monsanto (MON)

24/7 Wall St. will name its annual CEO of the Year next week. The executive will be picked from a field of ten which we will profile this week

The CEOs are chosen on the basis of their company’s stock market and financial performances compared with their own industry groups and all large companies traded on US markets. Only firms with market caps of more than $5 billion were considered. 24/7 reviewed revenue growth, operating margins, balance sheets, return on assets, and return on equity.

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Posted on: December 7, 2008 – 3:30 pm in Management Change,

CEO Of The Year Nominees: 8) Kevin W. Scharer Of Amgen (AMGN)

24/7 Wall St. will name its annual CEO of the Year next week. The executive will be picked from a field of ten which we will profile this week

The CEOs are chosen on the basis of their company’s stock market and financial performances compared with their own industry groups and all large companies traded on US markets. Only firms with market caps of more than $5 billion were considered. 24/7 reviewed revenue growth, operating margins, balance sheets, return on assets, and return on equity.

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Posted on: December 7, 2008 – 2:06 pm in Management Change,

Washington Wants A “Car Czar”, Russia Has None to Spare

Ford1Czar Nicholas II is not available due to his untimely demise, so Congress and the administration will have to find someone else to act as the "car czar", the role of making sure that The Big Three do not make any mistakes while spending their bailout money.

Some kind of deal is in the works to get Detroit $15 billiont to $17 billion this year. That should keep GM (GM) and Chrysler from having to go into bankruptcy.

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Posted on: December 7, 2008 – 1:23 am in Autos, ,