This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Why Are So Many Big CEOs Complete Losers?

NEW YORK ( TheStreet) -- It was refreshing to watch Chevron (CVX - Get Report) CEO John Watson tell CNBC's Maria Bartiromo that his company will spend $32 billion in 2012 and probably a bit more in 2013.

While Watson acknowledges "great anxiety," referring to "concern" over the fiscal cliff as warranted, he's not slowing down. Chevron will spend money and create jobs in the face of not only economic, but regulatory obstacles.

Watson tells Bartiromo that his company's biggest problem is access to markets. But, again, that's all part of doing business. It's never been easy to be great.

As a really important aside, if you're ever going to invest on the basis of a price-to-earnings ratio, you might as well do it with Chevron. Things might seem stagnant over there now, but, if you're a long-term investor, there might not be a better stock to invest a few bucks in on a periodic basis.

Chevron models great behavior for long-term investors. Sometimes you have to save for a rainy day; at other times, you need to spend when it's raining.

Fiscal cliff freaks, geeks and worriers will call Chevron an exception. It's a cash cow oil company. It's easy for it to spend through gloom, doom and pending catastrophe.

That's a loser attitude.

You cannot talk about this issue without bringing up Jeff Bezos at (AMZN - Get Report) and Howard Schultz at Starbucks (SBUX - Get Report).

Both businesses depend on the allegedly fragile consumer, yet both CEOs lead spending charges of relatively epic proportion. Shoot, at Amazon, you can't call it relative. Outside of resource conglomerates such as Chevron there's really no comparison case for the level of investing (don't call it spending!) the company does.

But, it doesn't stop there. You can't forget about fantastic CEOs such as Patrick Doyle at Domino's Pizza (DPZ - Get Report). Here's a guy who not only took the chance of a lifetime when he beat his own company down publicly as part of its now-famed turnaround, but he turned a pizza business into a tech business.

Order some 'za from Domino's online. Play with its iPad app. You'll see what I mean. Digital sales at Domino's have been huge. We're talking a billion dollar revenue stream here.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AMZN $670.90 -0.06%
CVX $100.59 -0.72%
DPZ $119.02 0.39%
SBUX $56.39 0.25%
AAPL $94.19 -1.04%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs