Guidance--the revenue and profit forecasts that companies divvy out to Wall Street analysts--is dying a slow death. Hooray for that!
As a slew of big names--Wal-Mart (WMT), Costco (COST), Microsoft (MSFT) and Yahoo (YHOO), among them--announced in the past two weeks that they would suspend or limit guidance because of economic uncertainty, analysts who follow these companies have reacted skeptically. Not giving 2009 guidance "hardly instills confidence in the business," Sanford MOREPatricia Sellers - Feb 6, 2009 3:25 PM ET
"This is fantastic Internet property and it really doesn't deserve everybody trying to pick it apart. This is not a company that needs to be pulled apart and left for the chickens. That's my Wisconsin coming through."
-- Yahoo (YHOO) CEO Carol Bartz in Tuesday's fourth-quarter earnings call with investors after the market closed.
Bartz's comments reflect the challenge of taking charge at a onetime tech darling that has been weakened by MOREJessica Shambora, Writer-Reporter - Jan 27, 2009 6:56 PM ET
"It's a can-do spirit with a must-do responsibility that together generate great results."
- PepsiCo (PEP) chairman and CEO Indra Nooyi at the Fortune Most Powerful Women Summit earlier this month. Nooyi is No. 1 on Fortune's 2008 Most Powerful Women list. PepsiCo reports earnings Tuesday morning.Patricia Sellers - Oct 13, 2008 7:58 PM ET
"We don't want to be on the History Channel. We want to be on the news channel."
--Hewlett-Packard (HPQ) CEO Mark Hurd in Fortune's 2006 profile by Adam Lashinsky, when asked whether he would have done the Compaq deal orchestrated by his predecessor, Carly Fiorina. Hurd replaced Fiorina, who was fired in February 2005, and moved quickly to improve execution and revive morale. HP reported earnings today, beating Wall Street's expectations MOREJessica Shambora, Writer-Reporter - Aug 19, 2008 6:09 PM ET
I've talked on Postcards about the greatest sins of the big retailers: believing that if you build it, they will come. That focus on growth at all costs has hurt Starbucks (SBUX) and Home Depot (HD), whose stocks have just recently risen risen off of 52-week lows. Speaking of lows, there is Lowe's (LOW), which announced earnings Monday morning: down 8% in the second quarter. But thanks to solid expense MOREPatricia Sellers - Aug 18, 2008 1:23 PM ET
"People think focus means saying yes to the thing you've got to focus on. But that's not what it means at all. It means saying no to the hundred other good ideas that there are. You have to pick carefully. I'm actually as proud of many of the things we haven't done as the things we have done."
-- Apple (AAPL) CEO Steve Jobs said this to Fortune's Betsy Morris in MOREJessica Shambora, Writer-Reporter - Jul 21, 2008 7:30 PM ET
"The most powerful way to motivate people is to listen to them."
-- Yum! Brands (YUM) chairman and CEO David Novak to employees and franchisees during a leadership development session in London last July. Yum! Brands announces earnings today after the market closes.Jessica Shambora, Writer-Reporter - Jul 16, 2008 3:27 PM ET
"There are 24 hours in a day, and you can use all of them."
--General Electric (GE) chairman and CEO Jeff Immelt on the most important thing he learned at Harvard Business School. The quote comes from Geoffrey Colvin's 2005 Fortune profile, "The Bionic Manager." GE's earnings, released today, were flat but met expections. Sales beat forecasts and the stock rose slightly in a down market. With major restructuring--including the possible MOREJessica Shambora, Writer-Reporter - Jul 11, 2008 11:39 AM ET
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