No. of Recommendations: 4
I knew Office Depot was peaking out, in the mid 90s, because they were in the same mode as RS, in the 80s. Their attitude was they could grow sales to infinity, by simply adding more stores, as if "saturation" was not a thing.
A common strategy in corporate America- juice the short term at the expense of the long term.
Does wonders for the short term stock price and value of stock options in the CEO’s compensation package.
By the time the scheme collapses, destroying the company, the CEO has long since cashed in his stock options and retired to South Florida.
And from his safe perch in the shadow of Mara Lago, he can then go on FOX Business News and cluck his tongue about the company he successfully helmed- now drowning under new management’s diversity policies and incompetent DEI hires.
