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Five Ways to Profit – By the Dawn's Early Light

During the wildly productive portion of his tenure as the head of the Walt Disney Co. (NYSE: DIS), then-CEO Michael Eisner had simple-but-elegant formula for success.

He was obsessive about controlling costs. He repeatedly urged his movie-development folks to focus on “singles and doubles” – instead of on home runs.

And he insisted that the best movie ideas – those with the greatest chances for success – would be so powerful that they could be summarized in two sentences or less…

  • Featured Story

    How the Legacy of Steve Jobs Could Haunt Apple

    Now that its iconic founder is truly gone, Apple Inc. (Nasdaq: AAPL) must figure out how to remain true to the legacy of Steve Jobs without getting hamstrung by it.

    It's not as easy as you might think.

    The challenge starts with finding a successor CEO who can carry on the legacy of a founder like Steve Jobs without being intimidated by it.

    "Much like Disney, Apple's founder was the brand. He was their Mickey Mouse, he was their Betty Crocker," corporate governance expert Nell Minow of GovernanceMetrics International told Reuters. "They have to replace him in five different ways."

    That Jobs himself groomed former Chief Operating Officer Tim Cook to follow him as chief executive reduces Apple's risk, but doesn't erase it.

    Companies such as The Walt Disney Co. (NYSE: DIS) and Wal-Mart Stores Inc. (NYSE: WMT) have learned that staying faithful to the ideals of a legendary founder can be fraught with pitfalls. Rigid adherence to old ideas can lead to stagnation, but straying too far from them can undermine what made the company such a huge success.

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  • Legacy of Steve Jobs