Is Mattel CEO “Resignation” A Sign Of Things To Come For Retail Execs?
by Tyler Durden
ZeroHedge.com
01/26/2015
In the three years since Bryan Stockton took over as CEO of Mattel, the company’s revenues have tumbled and debt load has soared over 30% as – despite share buyback bonanzas, the stock price has greatly rotated to unchanged since Jan 2012 when he took over. However, what is most important about today’s “resignation” is it accompanied dramatic guide down on earnings as, among other things, Barbie doll sales collapsed 21% in Q3. So the question now is, will every retail ‘miss’ be accompanied by a CEO ‘execution’ or is this widespread weakness – despite the unambiguously good low oil price tax cut – merely transitory and Q1 will be awesome…?
The Rest…HERE
