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• 10 CEOs who have to go

  Posted Dec 10 2008, 02:07 AM by Douglas McIntyre
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  Filed under: Citigroup, Sirius XM, GM, Nortel, Sun Microsystems
  Money Blog: Top Stocks Blog - MSN Money

  It is that time of year where companies should have been evaluating their plans for the year ahead.  Each year 24/7 Wall Street comes 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.  Boston Scientific Corp., Citigroup, Dillard's, Eastman Kodak, General Motors, Nortel Networks , Rite Aid, SanDisk, SIRIUS XM Radio and Sun Microsystems are all on this year's list. 

  With so many stocks down 50% and more, the list could have had hundreds of management teams if stock prices were the sole criteria.  Our measure for change is far more than just poor stock performance. But, these are the really big companies that the CEOs have wrecked.   Read More...

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• Nortel: Layoffs, losses and debt

  Posted Nov 10 2008, 10:33 AM by Kim Peterson
  Filed under: Nortel, Kim Peterson
  Money Blog: Top Stocks Blog - MSN Money

  

  Nortel loves shuffling deck chairs. The telecom giant announced big restructuring plans in 2001, 2004, 2006 and 2007. And today the company is at it again, aiming to cut 1,300 positions this year and next.

  That's not enough. Analysts had expected as many as 5,000 jobs sliced from the company, which employes 32,000. Already, critics are saying the company isn't doing everything it can to make it through these tough times. Nortel, the biggest maker of telephone gear in North America, has been uhable to pull itself out of the giant hole it's in, and its bottom line now reflects that.

  The company posted a third-quarter loss today (it was profitable a year ago) and declining revenue. Its share price is down 14% today to $1.

  Why is Nortel having problems?   Read More...

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• 8 famous companies that may vanish this year

  Posted Feb 12 2008, 06:53 AM by Douglas McIntyre
  Rating:
  Filed under: Microsoft, Yahoo, Motorola, Sprint, Verizon, AT&T, Qwest, Sears, Nortel
  Money Blog: Top Stocks Blog - MSN Money

  Firestone. American Motors. Texaco. Pan Am. Worldcom. These large American companies were once at the top of their industries. Pan Am was the leading global airline for decades. All are gone: Some were sold off, others went bankrupt. Who could have predicted it?

  There are several iconic U.S. companies that may well not exist at the end of 2008. Some may not even make it halfway through the year. Not all will go out of business. Some may simply be auctioned off in pieces. Others may be bought. These companies will not exist in their current forms as they are known to their shareholders and consumers now.

  When a company ceases to exist as an independent entity, it is not necessarily bad for shareholders. Some may be worth more in parts. Often a bust-up or merger is what brings owners the most money. Here are the big ones that probably won't make it.  (A more detailed assessment is available at 24/7 Wall St.)   Read More...

  Discuss ( 67 comments) 42,943 Views Digg this | Email this | Link to this