tag:blogger.com,1999:blog-13575764.post108515817745847964..comments2008-05-11T22:04:28.979-07:00Anshu Sharmahttp://www.blogger.com/profile/16808179818443881370noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-13575764.post-23018274236791669332008-05-11T22:04:00.000-07:002008-05-11T22:04:00.000-07:00This talk of Wall Street being the bad guys is a lot of humbug. I've yet to meet the great CEO that caters much to Wall Street. The good CEOs all resist the idea that Wall Street is in control of their companies, and they will push the envelope there if they have to. <BR/><BR/>Take a look at the ride Steve Singh took Concur on stock price-wise in his conversion of Concur to SaaS and tell me that guy is afraid of Wall Street. CNQR went from $48 to less than $1. If ever Wall Street could exert undue influence, that would've been the time. But they didn't. Singh held it together and got the job done.<BR/><BR/>Both Yahoo and Microsoft could stand a little shaking up by shareholders. They're both too complacent, and as a result they're steadily losing ground. Microsoft just has a lot more to lose and their ground has better lock-in, so it'll take longer. We need to quit blaming Wall Street for these guy's blunders and ask where the Steve Singh's are at these companies? <BR/><BR/>Whether it's that you believe a company should stand for something as Anshu has written (good post), or that the market simply prices in the screwups and doubts as I do, the outcome is the same: it's up to the CEO and employees of a company to make it worth something on Wall Street.Bob Warfieldhttp://smoothspan.wordpress.com/noreply@blogger.com