I've said it before and I'll say it again Any company that doesn't have a CEO successor in line has a failed CEO and company What was the board of directors thinking? Sell more T shirts and do rags? I see the board also sold off a big chunk of the finance arm, which is the source of the cash flow.
I’m not a golfer, but Tyler is and I wish I would have learned when I was young. Back then if I had that much free time I would go ride my motorcycle. Now I don’t golf or ride. What happened? Lololol
You/Tyler have an open invite to golf if you’re in the area. I belong to a real Bushwood-y type course around here (just hosted the Truist event a month ago).
I got a txt from a guy yesterday who says neither PizzaHut nor Callaway/TopGolf have done well under Artie's leadership...so there is that, I haven't checked the facts on that claim.
Fk No... Never and hasn't rode one since his mom stuck a dime in the slot infront of the PigglyWiggly.
Not sure how much he's done at TopGolf but he joined in 2021. Shortly after they merged with Callaway. Going into 2024 Callaway was looking to spin off Top Golf. There also were layoffs in March of this year (?) at Top Golf. Looking at stock performance, the stock price peaked in '21. Likely due to the Callaway acquisition. Since then it has continually slid. As for HD, they're like that guy from Monty Python proclaiming "I'm not dead yet" while his cohort insists, "But you will be soon." I feel like most of us watching kinda wish it upon them. When they hired all those guys away from BMW and were acting like they were going to set a new direction, I was kinda hopeful. Harley could turn it around. Do something cool-ish. And not continue to bleed their bygone era's golden goose. But here we are. At this point, I don't think this dude is gonna do anything more than what's been done. The management team continues to cleave off parts of the business that made it valuable. It'll probably continue to do what its done until it can't. Then again, HD's stock bottomed out at 8 bucks in '08 and is back to $24 today. So it's not the worst its ever been so somewhere, somehow it keeps struggling along.
How many of you order your pizzas from Pizza Hut? Top Golf is an entertainment venue, marketed as such. I don't see the connection or similarity in any way, myself.
Two of H-D's most effective CEOs (Bluestein and Beals) had intense engineering and manufacturing experience (None of it initially with motorcycles) before they were CEOs. Don't see that as much this century...
I feel like these days a CEO's main responsibility is to worry about the stock prices instead of keeping a business viable into the future. They come in just long enough to get paid and then whatevs.
That's the "shareholder value" dilemma. Every quarter has to deliver "value" to the shareholder. This is in conflict to long-term planning and execution.
How long 'til they start buying their stock back? It worked great for Sears - their stock went way up after 2008...
Maybe that's what they've been doing to some extent since '08. I dunno. I guess would could look up to see their market cap value over time.
On the flip side, if a CEO does something that crashes the stock price, the board of directors, who are typically very large shareholders, lose a large chunk of paper wealth. And then they get a new CEO. Balancing growth, value, and costs is a tricky business, especially if a company or market segment has lost it's luster. Managing a company in a strong market with a great product is easy. When the product and market weaken, things get difficult.
Isn't this the literal justification for the extraordinary compensation packages CEOs receive? To do the hard work? Maybe I misinterpreted your intent, and if I did, my apologies.
