FlyerTalk Forums - View Single Post - Smisek in running for CNBC's worst CEO - and other CNBC UA tidbits
Old Dec 19, 2013 | 11:11 pm
  #148  
LarkSFO
 
Join Date: Sep 2010
Location: San Francisco Bay Area
Posts: 5,825
Greenberg did not finish with Smisek as the worst, nor one of the 3 runner ups for worst...

'Probably the worst CEO' in the airline industry. The 'could have been' worst list.

http://video.cnbc.com/gallery/?play=1&video=3000229720

"brian, well, john chambers of cisco almost made my list. doug of caterpillar almost made my list. and jeff smizek almost made my list. i anguished over it. i'm going to explain it all. i have a piece coming up on thestreet.com in about 20 minutes. i have to tell you something. i have to tell you oberhelman, this is a guy who should be on the list. he way overpaid, but a chinese company that turned out to be a fraud. he has no credibility left when it comes to making acquisitions. why isn't he in my top list? well, because he's in the mining business now. he bet the ranch on it. so is joy. deere is what caterpillar used to be. all of these companies are underperforming the market right now, doing really horribly. if you single him out, you've got to single some of the other guys out. he gets a pass. there are no more excuses for him. chambers, when you go back and look at the stock price, this stock is down 10% over the past ten years. it's underperformed the s&p 500 the whole time. i was surprised to see that. when you come into this year, where the companies were badly and big surprises on the down side, you say, wow! you know, wait a minute now. look at the other big tech companies. you could say the same thing about, you know, oracle and larry ellison, the same thing about ibm. you go down the list. so i say that he gets a little bit of a break here. but it's going to be interesting to see if he can turn the company into what he expects it to be. then you have united airlines. look, the stock is up. a lot of investors like this company. the stock is up. the company seems to be turning around. i received hundreds and hundreds of letters, e-mails through a writing campaign that occurred from former united -- listen to this -- former united and ntinental employees, former and current united customers, all of them saying the same thing. this guy has done one of the worst mergers around. and by the way, in the airline industry, he probably is the worst ceo right now. he can't match what delta has done. but he still didn't make your list. and it's appropriate we end"
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