High Standards, Hard Choices: A CEO's Journey of Courage, Risk, and Change Review

High Standards, Hard Choices: A CEO's Journey of Courage, Risk, and Change
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Exactly what company does Dana Mead think he successfully led through the 90's? After spending millions to move the company's headquarter's back to his beloved New England, he presided over a phenominal slide in market capitalization that defied logic and took money from shareholder's pockets. How could a company in consumer products packaging,automotive parts, and energy fail to perform in a record-setting expansion of the US economy? I suppose the title is accurate: Tenneco stock didn't meet the "high standards" of its shareholders, so Mead had to make the "hard choice" of acknowleging his shortcomings and spinning the compaies off, at which point they succeeded once free from his leadership. This is not an example of bold leadership to be emulated; it is an example of revisionist history to be avoided. Anyone considering this book should go to their favorite stock tracking website and look at a five year trend of TEN vs the Dow. Case closed. P.S. The fact that this book is not classified as "fiction" causes me to question the integrity of the Library of Congress' cataloging process.

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