Post by account_disabled on Feb 27, 2024 23:04:09 GMT -5
The in I recommend you study the valuations of Polish housing developers. In particular pay attention to the capitalization compar to the book value of the company. After taking over the controlling stake one of the partners Carlos Alberto Sicupira devot himself entirely to the company leaving the daytoday operations of Banco Garantia. Sicupira had only two obsessions cutting costs which he said were like fingernails that need constant cutting and finding new business opportunities. Let me tell you two stories that illustrate what I mean.
Lets start with the costs. Before the takeover the companys managers intend to build a megaoffice complex equipp with tennis courts even though the companys condition did not justify this type of extravagance. One of the first decisions of the new president was to complete preparations for construction. And the restructuring began. Within a few months of the staff was dismissed. people lost their jobs. The bonus Phone Number List system for managers has also been chang following the example of the one known from Banco Garantia. To put it mildly this did not go down well with the old guard of managers. of them show up at the presidents office with a protest and a demand to restore the previous liberal bonus system.
Despite his irritation the president said he would consider their proposal. Three of them broke the protest and the rest went to lunch feeling triumphant. After they left the president order security to confiscate their passes and the HR department to give them notices. Managers were not allow to return to their desks resulting in lawsuits. Story two. Finding business opportunities in the new CEOs eyes meant identifying the most neglect and underutiliz assets that could be identified. One of them were chocolate eggs which in Poland we call surprise eggs. torment the president that the retailer could sell five times as many eggs if only it were allow.
Lets start with the costs. Before the takeover the companys managers intend to build a megaoffice complex equipp with tennis courts even though the companys condition did not justify this type of extravagance. One of the first decisions of the new president was to complete preparations for construction. And the restructuring began. Within a few months of the staff was dismissed. people lost their jobs. The bonus Phone Number List system for managers has also been chang following the example of the one known from Banco Garantia. To put it mildly this did not go down well with the old guard of managers. of them show up at the presidents office with a protest and a demand to restore the previous liberal bonus system.
Despite his irritation the president said he would consider their proposal. Three of them broke the protest and the rest went to lunch feeling triumphant. After they left the president order security to confiscate their passes and the HR department to give them notices. Managers were not allow to return to their desks resulting in lawsuits. Story two. Finding business opportunities in the new CEOs eyes meant identifying the most neglect and underutiliz assets that could be identified. One of them were chocolate eggs which in Poland we call surprise eggs. torment the president that the retailer could sell five times as many eggs if only it were allow.
