“When you stop growing you start dying”

― William S. Burroughs, Junky

By David Johnson | @TurnaroundDavid


  • How Electronic Arts Found Its Groove Again (Pando): Many companies struggling with Warren Buffet’s ABCs of business decay (arrogance, bureaucracy, and complacency) remain mired in under-performance for years.  Electronic Arts (EA) was fortunate enough to have an energetic leader in Andrew Wilson on hand when change was needed.  Wilson has driven a reorganization, shifted the culture, and reoriented the business model (digital revenue now accounts for nearly half of total revenue, a remarkable achievement for a company that rose to prominence selling console games).
  • Japan’s Accounting Problem (Project Syndicate): The fiscal situation of Japan has been termed “a bug in search of a windshield”, and even a cursory review of the nation’s finances suggests that that might be an understatement.  With Japanese government debt now exceeding 200% of GDP and climbing, the country faces severe challenges.  The most likely outcome seems to be monetization of its debt via the nation’s central bank, the Bank of Japan.  It remains to be seen just what the reaction of the international finance community will be to the unambiguous monetization of trillions of dollars of government debt.
  • Why Some Public Pensions Could Soon Look Much Worse (Governing): The adoption of new pension accounting rules by the Governmental Accounting Standards Board (GASB) threatens to reveal the extent to which state and local government pension plans are underfunded, and might provide a much needed spur to action.
  • In Praise of Short Sellers (The New Yorker): While they might make life uncomfortable for the leadership of public companies, evidence continues to gather that short sellers provide a vital service in the functioning of markets.
  • The Biggest Business Comebacks of the Past 20 Years (Fast Company): Few business stories are as energizing as that of a turnaround that saves a company.  The Fast Company staff have compiled here a list of some of the most impressive.