Critic's Corner

Posted by John Atkinson (R) on June 24, 2009 at 15:05:19

In Reply to: RE: Hey, I hope S'phile lives long and prospers, but you diverted rather than answer my question. posted by Rick W on June 24, 2009 at 14:33:07

>I put "reorganize" in quotes because your parent company's inability to
>pay its debt - leading to Chapter 11 and resulting in having a bank
>owning S'phile and SIM's other assets - does not imply "business
>_better_ than usual" for those assets.

As I said in the General Asylum thread I linked to elsewhere today, the
reduction of the parent company's debt load from $1.5 billion to $500
million dramatically reduces the pressure on each division to generate
short-term revenue to meet debt repayment obligations regardless of
adverse longer-term effects of that pressure. A manager like myself can
thus return to spending more time looking outward rather than inward, to
spending more time on strategic issues rather than tactical ones. Hence
my use of the phrase "business _better_ than usual."

John Atkinson
Editor, Stereophile

• Thanks, John. Now I understand. nt - Rick W 15:22:57 06/24/09 (1)
  In Reply to: RE: Hey, I hope S'phile lives long and prospers, but you diverted rather than answer my question. posted by John Atkinson on June 24, 2009 at 15:05:19

  nt
  

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  • You're welcome. nt - John Atkinson 17:28:00 06/24/09 (0)
    In Reply to: RE: Thanks, John. Now I understand. nt posted by Rick W on June 24, 2009 at 15:22:57

    
    John Atkinson
    Editor, Stereophile
    
    

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