The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK ( TheStreet) -- My area Blockbuster and Hollywood video stores are no more. The two mega-bookseller Borders stores in my area gone. Heck, the world automotive icon, GM had earned the right to go bankrupt, but the Obama administration wouldn't allow it. Pundits will say the combination of recession, competition, and change in general, have forced their business' demise. Is that the real reason, or was the individual company's leadership complacency or incompetence to blame?
|Better leadership would be better prepared for a changing market|