http://streetcapitalist.com/2008/08/08/steak-n-shake-and-earnings-psychology/ Wisdom on such diverse topics as: spin-offs, merger arbitrage, post-bankruptcy equities, global macro commentary and short ideas. Thu, 10 Feb 2011 04:28:00 +0000 hourly 1 http://wordpress.org/?v=3.2 http://streetcapitalist.com/2008/08/08/steak-n-shake-and-earnings-psychology/comment-page-1/#comment-905 Dave Reinke Tue, 02 Sep 2008 16:39:29 +0000 http://streetcapitalist.com/?p=215#comment-905 Seems like the public probably feels that if it is outside factors, the company has no direct control and that the company will continue to decline. Logic would dictate that if it is internal, the upper management has located the problem or problems and is doing something to fix them. I also feel that blaming it on outside factors is a very shallow and unorganized way to do business. The best thing to do is to realize you have a problem or that you have failed in certain area, admit this to yourself and the shareholders and figure out how you are going to prevent this from happening again. A good CEO takes responsibility for the company's actions and does what he/she can to make the company profitable. A bad CEO blames it on outside factors thus removing the problem from his immediate control and washes his hands of any obligation to do anything about it. One CEO earns his paycheck the other does not. In my opinion Steak and Shake realized this and got a new CEO. Seems like the public probably feels that if it is outside factors, the company has no direct control and that the company will continue to decline. Logic would dictate that if it is internal, the upper management has located the problem or problems and is doing something to fix them. I also feel that blaming it on outside factors is a very shallow and unorganized way to do business. The best thing to do is to realize you have a problem or that you have failed in certain area, admit this to yourself and the shareholders and figure out how you are going to prevent this from happening again. A good CEO takes responsibility for the company’s actions and does what he/she can to make the company profitable. A bad CEO blames it on outside factors thus removing the problem from his immediate control and washes his hands of any obligation to do anything about it. One CEO earns his paycheck the other does not. In my opinion Steak and Shake realized this and got a new CEO.

]]> http://streetcapitalist.com/2008/08/08/steak-n-shake-and-earnings-psychology/comment-page-1/#comment-5684 Dave Reinke Tue, 02 Sep 2008 16:39:00 +0000 http://streetcapitalist.com/?p=215#comment-5684 Seems like the public probably feels that if it is outside factors, the company has no direct control and that the company will continue to decline. Logic would dictate that if it is internal, the upper management has located the problem or problems and is doing something to fix them. I also feel that blaming it on outside factors is a very shallow and unorganized way to do business. The best thing to do is to realize you have a problem or that you have failed in certain area, admit this to yourself and the shareholders and figure out how you are going to prevent this from happening again. A good CEO takes responsibility for the company's actions and does what he/she can to make the company profitable. A bad CEO blames it on outside factors thus removing the problem from his immediate control and washes his hands of any obligation to do anything about it. One CEO earns his paycheck the other does not. In my opinion Steak and Shake realized this and got a new CEO. Seems like the public probably feels that if it is outside factors, the company has no direct control and that the company will continue to decline. Logic would dictate that if it is internal, the upper management has located the problem or problems and is doing something to fix them. I also feel that blaming it on outside factors is a very shallow and unorganized way to do business. The best thing to do is to realize you have a problem or that you have failed in certain area, admit this to yourself and the shareholders and figure out how you are going to prevent this from happening again. A good CEO takes responsibility for the company’s actions and does what he/she can to make the company profitable. A bad CEO blames it on outside factors thus removing the problem from his immediate control and washes his hands of any obligation to do anything about it. One CEO earns his paycheck the other does not. In my opinion Steak and Shake realized this and got a new CEO.

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