"Take a look at the blue chip companies...the management in most of them can probably be improved. The sales or profits decline...management failed the stockholders?"
Of Course....and what happens to these blue chip companies? The shareholders complain until the useless CEO is gone....just look at a few recent......Prince (Travelers),Nardelli (Home Depot) and O Niel ( merrill)
Now I am definetly not sayning that JR is anywhere close to that league...but shareholders DO hold ceo's "responsible".
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