Was in Chicago yesterday, speaking to several thousand execs. Boom. Sears-Kmart! Or: THUD! I was asked to comment: "I can't. My Mom taught me to be polite in other people's houses. Let me just say, hypothetically, that I consider mergers between Dinosaurs, aiming to deal with hot competition ... from, say, small Southeastern states ... to be the height of stupidity. Sure, the new Kmart CEO is a shrewd ... maybe even genius ... financial Engineer ... and he'll make a killing. No prob. But will true value be created? Will the American Economy be better off? Will Lee Scott [Wal*Mart CEO] lose sleep in Bentonville? I think Lee will think he mistakenly tuned into Comedy Central!"
Sad footnote: I said to a very prominent exec, "I can't believe we had no inkling of this at all, that there were no leaks." He responded: "You're right. We didn't. Maybe nobody really cares." Whoops!
Before blogging became all the rage, Tom was posting book reviews and Observations (essentially early blog posts) to this site. You can find the archives below.
What we're talking about
on the front page.