Now before we become tooo pessimistic lets examine the background.
1. Investment banker - doesn't make anything, doesn't take responsibility for anything, hit-& run strategy, no raw material/supplier interface required, tells everyone involved that a bucket full of shit smells like perfume, gets paid, leaves the outcome behind and goes on to the next project.
1a. Rave cinemas - industry is dead.
2. Pizza Hut - makes a product that takes 2 minutes to prepare and cook, no R&D, people interface with the product for about 30 minutes, no one wears a Pizza Hut jacket to identify with the company, unless they are an employee at the restaurant, low tech, rapid mass production is king, raw material substitution easy as buying from the local grocery store except for the fake cheese. Expansion of foreign locations was claim to fame during tenure which costs very little as most of the expense is taken on by the franchisee, 2019 closed 500 restaurants, 2020 closed 300 restaurants.
3. Topgolf - does not make a product, no R&D, no raw material/supplier logistics, entertainment venue for non-serious party-time golfers, expanded into 5 countries in Asia & Europe, forgot the U.S., grew revenue by expansion in new markets, not existing markets, low cost to expand departure from company takes place at the same time TopGolf is spun out of Callaway after only 4 years from when Callaway took control of TopGolf, spin-off due to slowing revenue at TopGolf.
4. Harley-Davidson - manufacturer of a highly developed engineered product, R&D critical, Q & A critical, logistical error-free execution critical, distribution of product and support of dealer network critical, well established manufacturing facilities in the U.S., strong and dedicated U.S. based dealership, strong and dedicated America customer base, expansion into foreign markets takes time, dedication and money, probably more than 5 years before results are experienced and will hit the financials, attraction in foreign markets is because product is American made and not mass market, image is NOT mass market.
WHAT ME WORRY?
View attachment 8279
My biggest concern? No mention of him riding anything, ever!
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