CEOs Who Will Get Fired in 2013
Netflix can no longer allow the meme of an egomaniacal, narcissistic Reed Hastings to fester. It allows books to get written and articles printed without giving authors intimate, even if off-the-record and informal, access to Hastings.
I talk to several people who know Hastings relatively well. They have nothing but nice things to say about the guy. He's apparently a pretty good dude.
Netflix has done nothing to shift public perception in this probably closer-to-accurate direction. In fact, the moves it makes (and does not make) produce the opposite outcome.
Netflix and Zynga should publicly "fire" Hastings and Pincus and "reassign" them as founders and chief strategy officers. Just like Tim Westergren at Pandora (P). People respect Pandora management, even if they don't see eye to eye on its future.
Let's face it, visionaries such as Hastings and Pincus have no time for the public relations/media game when they're trying to focus as visionary and CEO. Few can pull off the Steve Jobs balancing act of genius, good guy/bad guy and narcissist all at the same time. There's nothing wrong with being a "bad guy" or even a "narcissist" as long as you moderate these qualities privately (which I am certain Hastings and Pincus do) and publicly (which both need to start or continue to do). Take some heat off of Hastings and Pincus. Give them time to strategize long-term and craft better public images with the checks, balances and coherent plan a new CEO will put in place.Quick Hitters
Best Buy (BBY). Hubert Joly was a mistake. Bottom line. Fire his butt, but be nice in the process. Position the move as a success: We brought this guy in shore up some internal, organizational things. He basically acted as a consultant. It was invaluable, now we take the next step and elevate Stephen Gillett (heck, even call him our "Marissa Mayer") to CEO. Trust me. People across spaces, particularly in tech and retail with a pulse (e.g., Starbucks (SBUX)) respect this guy. It's time for Best Buy's Board to wake up and do likewise. If its doesn't, he'll simply move on to a company where he actually has a real chance to incite change. Microsoft (MSFT). I have to question Bill Gates' sanity. He's buds with Steve Ballmer. I get that. But, man, the guy is running Microsoft into the ground.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, 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
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV