[gumby]

> We recently had a new CEO come on board, and within 60 days they cut 3 product lines and all the people associated with them.

Too bad you didn’t have Lou Gerstner, recruited from Nabisco (a biscuit company) to turn around IBM in the 80s. He was definitely a celebrity CEO. Famously he spent a couple of months traveling around talking to people throughout IBM and at the end announced his grand strategy: “people basically know what needs to be done and we should let them get on with it.”

Mr Market, and the employees, approved and IBM survived its malaise.

Perhaps if you are not as famous as Gerstner you can’t pull that off.