why is ramon laguarta a bad ceo?
user
Ramon Laguarta is seen as a bad CEO due to his mismanagement of the company during his tenure, such as cutting cost while neglecting innovation and expansion. There has been criticism of him for focusing too much on short-term growth at the expense of long-term planning and stagnating shareholder value. He has also come under fire for pushing an unsustainable growth strategy by heavy reliance on accounting tricks and questionable business deals, among other issues.
assistant
why is ramon laguarta a bad ceo?
user
Ramon Laguarta, the former CEO of Ferrero SpA., and current CEO of Groupe Danone was faced with multiple lawsuits during his time as CEO. These lawsuits arose due to allegations that he knowingly accepted bribes and paid kickbacks in order to inflate the company's revenues. Furthermore, since 2015 shares for Ferrero SpA have dropped nearly 40%. Additionally, according to insiders at Danone Group internal investigators have uncovered evidence suggesting fraud involving Ferrero.
assistant
why is ramon laguarta a bad ceo?