Jack Flack of Conde Nast Portfolio writes Sunday how Marketwatch columnist Herb Greenberg has put pressure on the CEOs of Office Depot and Circuit City, whom he named as candidates to be the worst CEO of the year, along with the recently fired CEO of Sears.
“Is that unfair? Not at all, because past behavior often serves as a highly reliable predictor of future behavior, and because the current list shows a prejudice for nominees who have personally dug themselves into big holes already.
“But if Greenberg institutionalizes the ‘worst-of-the-year-to-come’ device, it potentially could become one of the most powerful self-fulfilling prophecy mechanisms in business news.”
Read more here.Â
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