CEOs are a pretty optimistic bunch. And I think maybe that’s right. It might be the only way to maintain sanity in the job.
I’ve lost count of the number of conversations I’ve had with CEOs and CFOs about their business prospects and what variability to assume when simulating future possibilities. I’ve had several try to convince me that the worst that can happen is a 100% decline in profit.
100% decline in profit still isn’t a loss.
HP just had its largest loss ever. 73 years ever. This is a real harsh reminder of how bad things can get from a great company.