Leidos plans divestitures that will 'get people's attention'
Leidos Holdings Inc., the $7 billion company that will emerge at the end of September with the corporate split of Science Applications International Corp., will shed portions of its business as part of a larger effort to reshape its portfolio.Full Story
#1 Sep 17, 2013
If Stu Shea knows so much about what businesses will be successful in the future, why is he the COO of an underperforming and contracting company rather than making $10M/day investing and selling investment advice? For years now SAIC has been plagued with unimpressive executive management who manage by hubris and swagger rather than by information and intellect. Starting with Ken Dahlberg, they have been focused on dismantling the bottom-up, entrepreneurial culture that made the company successful and replacing it with a top-down autocracy. The goal has apparently been to make SAIC completely indistinguishable from its competition - to change the company motto from "None of us is as smart as ALL of us" to "None of us is as smart as ONE of us". And all of this at a time when the smart people are writing books and articles about how bottom-up organizations are much more adaptable to changing markets and much less fragile than top-down organizations (see for example Nassim Taleb's recent book "Anti-Fragile"). These people are writing about the very business model that made the old SAIC successful.
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