YOUR TAKE: GLOBAL CROSSING
Deconstructing Global Crossing's first earnings miss since its IPO proved popular to readers. More than half blamed its problems on poor management, and 15% cited too frequent changes in strategic direction and CEOs.
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But almost one-fifth fell back on the excuse offered by management: slowed telecom spending. Which begs asking: When telecom was going gangbusters, why didn't executives credit company growth to a robust economy?
|
What has been Global Crossing's major downfall? |
|
| Lack of a service
layer on top of its global network |
13% |
| Mismanagement by top executives | 52% |
| Too many changes in strategy | 15% |
| Selling hosting assets to Exodus | 1% |
| Macro
slowdown in telecom spending |
19% |
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© 2012 Penton Media Inc.
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