Wednesday, June 24, 2009

SUPERVALU No Leadership

SUPERVALU (NYSE:SVU) CEO Craig Herkert claims that shoppers have become more cautious and revenues are down. “I am engaged in a full review of our operations and support functions. SUPERVALU has significant potential and I look forward to sharing with you my thoughts and vision for the business in the months ahead.”

Thanks a lot buddy! Why were you not on top of this problem before. The slowdown is not new. Every business has problems and issues. The board of directors should have been asking these questions a long time ago. Basically this is a ship without a Captain.