Working on the Railroads

[Flintlock76]

@pennytrains

Let’s take Builder’s Square for example. While we were a K-Mart owned company everything was great. Business was good, employees were happy and the whole system worked. Then K-Mart spun us off to an investment firm who decided we should expand. Fine, sounds great let’s do it. Unfortunately the investment firm assigned the management team of about a dozen drug stores to run the thousands of Builder’s Square stores, a task that it turns out they were completely incompetent to perform.

Uh-huh. It never fails to happen when a successful outfit is sold to another organization that doesn’t understand the business they’re buying into. The list of subsequent failures is too long to go into here.
An old boss of mine once told us his acquaintances were always contacting him with tips concerning businesses he should buy into and he always said “Thanks, but no thanks.” Why? “Because I understand the business I’m in, I don’t understand the others. So I stay away.”