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Originally Posted by fugazied
Wow that is simply poor management. I often wonder how corporate execs claim to deserve those huge salaries when they can't manage the simplest thing, like supply/demand of one of their flagship products.
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They introduced a product that has never seen the light of day (an oversized e-reader)- how in the world do they anticipate the exact sales? Besides legions of them would be fired if they overestimated and had to warehouse thousands of them.
Poor management -right, that's why Amazon is one of the most successful internet companies and one of the few companies of any kind to thrive in the depression. I wish my portfolio was full of poorly managed companies like this one.