Canwest Mistakes

How Aspers Mistakes Have Caused Canwest Bankruptcy In the article the club in question is Canwest. Canwest Global Communications was a radio, idiot box transmit and publishing assets in several countries, primarily in Canada. Leonard Asper was the chief operating officer of the company after victorious over from his father. Leonard Asper, although very young, model he knew what he was doing and in the end did non, and lack of experience got the discontinue of him. He also do some key mistakes manage buying overpriced networks and non doing research to see what new(prenominal) types of media he could cash in ones chips into. As a CEO or manager of a company your jobs are to satisfy the leaf node and to make the backup/company profitable. Canwest was not doing this because they were seeing a decline in the sales of their newspapers and TV networks, but or else chose to ignore these signs and do things their own way. But its Aspers largest achievement thats causi ng him the biggest headache (Hood 2). When Asper acquired the rights to Alliance Atlantis and the popular intensity level TV channels such as Food Network, HGTV and Showcase, it was value slightly $2.3 billion, which Canwest did not have. To pull it off, the company had to make a assume with the U.S. investment bank Goldman Sachs.

These purchases that he was making were bring extinct of their bud besot and not very smart purchases at all. Since he was so inexperienced Asper put Canwest into projects where success would be in doubt because inadequate resources. The partners that Asper decided to bring in were not properly thought through. For example teaming up with Goldman Sachs fo r investment help. Goldman Sachs is i of th! e groups responsible for the 2007 subprime mortgage crisis. And because of the poor thought process of Leonard Asper umpteen a(prenominal) people started to have very low confidence in stocks causing them to fall. In the tardy 90s Canwest was duty at close to $20 a share, as of new-fashioned 2008, it was treading water around 60 cents. What was once arguably...If you want to get a full essay, order it on our website: OrderEssay.net

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