5 Smart Management Decisions
Instructive examples from managers presenting at our annual Stocks Forum.
There's no question that executives have had their hands full navigating the rocky economic environment of the past year. Although we at Morningstar prefer a quality business over topnotch management--as it is much easier for a company to change management teams than industries--recent events have brought home the point that management decisions can have a dramatic effect on a company's fate.
Some executives' boneheaded moves have been thrown into the spotlight as yesterday's red flags have turned into today's red ink. While criticism is both easy and fun, to paraphrase Homer Simpson, hammering overpaid and underperforming executives is a little too easy these days. Instead, in this article, we'd like to focus on the good moves that management teams have made and some lessons that can be drawn.
Brett Horn does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.