Sunday, December 24, 2006

Media quote of 2006

This distinction also goes to the hardware side of media, in this case Seagate.

CEO Bill Watkins had this to say about the boom in storage media:

"We're building a product that helps people buy more crap - and watch porn"

I am not sure your average Seagate employee would sport that badge of at the front desk.

The CEO reportedly sent a ‘Sorry’ memo to the employees lest anyone should felt let down by all that truth.

However, Watkins gets full marks for honesty.

How many CEOs can actually speak out the truth?

Imagine the CEO of MacDonalds saying, “We make people fat”, or, Bill Gates saying, “We make money because our lawyers have made sure there is no alternative.” Or, something like that. Imagine Apple saying "We sell expensive music players because our CEO looks cool on the podium."

If Peter Drucker were alive, he would smile at Watkin’s statement. The first question Drucker asked any company boss looking for advice was “What does your company do?”

Merry Christmas to you all.


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