A Billion Here, A Billion There, Pretty Soon It’s Real Money … Or Not

nokialogoYesterday Microsoft announced it was shutting down and writing off its $7.4B investment in Nokia. They just bought them last year. What strategy change was necessary, and unforeseeable just 12 months ago (give or take), that caused this $7.4B investment to go from a good idea to worthless?

Nothing I’m seeing in the press is suggesting this is anything other than brilliant by the CEO (who was CEO when the acquisition was made). Really, a $7.4B mistake is no big deal anymore? No heads are rolling? No Board members resigning in shame?

One can argue that it was never a good idea; or that it was not a good fit for Microsoft; or it was mis-executed. In every event, where’s the accountability?

But then bonuses will be paid and things will just move along, because, apparently no accountability is required.

Mitch

Advertisements
This entry was posted in strategy and tagged , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s