A lot was and continues to be made about Dave Brandon's past experience as CEO of Domino's pizza.
DB and his proponents love using DB's tenure at Domino's as evidence that DB is more than qualified to run an athletic department. Hey, if he can manage an enormous international company, the athletic department must be a cakewalk, right?
No doubt, CEO of a company like Domino's is no cakewalk. But how do we know how well DB did in his role? As head of the company, DB's role was to manage the company and increase shareholder value. Put simply, a CEO's only job is to increase the stock price. Thus, we can look at Domino's stock price as an idicator of DB's success as CEO.
Dave Brandon began as CEO of Domino's in March of 1999. There is no stock price information for this point in time as Domino's was a private company. Domino's held an IPO on Tuesday, July 13th, 2004. After opening at a price of $14 per share, the stock closed the day down 50 cents at $13.50 per share (source). Expectations were for the stock to trade at $15 - $17 per share. Without getting overly complicated, this IPO reflects poorly on the CEO, and frankly, a poor showing like this is fairly uncommon.
Brandon continued in his role as CEO of Domino's until March 7th, 2010. Brandon's departure was announced on January 5th, 2010 (source). Domino's shares closed at $8.76 per share on 1/5/2010.
Thus, over the course of DB's tenure at Domino's, shareholder value decreased by over 35%. You would probably have an easier time finding a doctor to sign off on Michigan's handling of Shane Morris than to find someone who would classify DB's time at Domino's as a "success".
These facts become even more concerning when you see what new leadership was able to do for shareholder value after DB's departure.
click for larger version
To put it simply, DPZ has been on an absolute tear since DB's departure. The stock closed this Friday at $77.70 per share. In less than 5 years, Domino's pizza is up an astounding 787%(!) since DB's departure was announced.
Hopefully, this is proof that Dave Brandon's past experience is not all it's cracked up to be.
Also, let us all hope for a similar tragectory for Michigan football upon Dave Brandon's departure.
MGoBlog is cited at ~1:00.
Sorry if this has already been posted but I didn't see it. Those of you who listened to WTKA this morning will have already heard this, and I'm sure everyone's already seen Bacon's tweets from earlier in the week regarding Brandon's future being uncertain. This morning, though, he doubled down. Asked point blank by Sam Webb if he thought Brandon survives beyond the end of football season, here's what he said:
No. How's that for an answer?
Sam asked him to explain:
It's going to be Schlissel's vote and nobody elses... he [Schlissel] will have to rely... he's on pretty firm footing with the Law school, Medical school, etc. but he is new to Big Ten, big time football, and so he'll be heavily relying on the regents for his decision making process on this. That leaves you with a group that seems to be about 6-2 against the AD.
Listen to the whole thing here, it's part 08 from today: http://www.wtka.com/page.php?page_id=87
I'm trying not to get my hopes up, but I want to believe....
I laughed out loud (yes, I'm old) so many times while reading this beautiful piece by Ryan Nanni over at EDSBS: http://www.everydayshouldbesaturday.com/2014/10/3/6901217/week-6-as-previewed-by-dave-brandons-email
My favorite bits:
FROM: [email protected]
RE: Texas A&M-Mississippi State
If you think football's more important that handbell choir syncopation, by all means. Those bumpkins couldn't jangle out a rudimentary version of "Lo, How A Rose E'er Blooming" if their miserable lives depended on it
P.S. Kevin Sumlin eats burritos with his hands. It's repulsive.
FROM: [email protected]
RE: LSU at Auburn
Have we considered a second disinformation campaign spreading negative rumors about Leslie Miles, and thus eliminating any insurgency campaign supporting those who wish to see him reigning o'er Schembechler Hall? This is spitballing, but consider:
--Waited three hours in an 18th century wardrobe just to slap Lloyd Carr at an antique store
--Engaged in sex with Gary Moeller's wife, AND did not fill out the appropriate paperwork with the Big Ten Conference prior to the liason
--Is from Ohio (we have documentation to support this, I believe?)
--Has only read the prose version of The Iliad. No, this is too far. Forgive my momentary lack of scruples.
Does not wear a tuxedo while enjoying games of chance such as "bin-go" or "swim-ming"
Is that true about Les Miles only having read the prose Iliad? That IS terrible. Les didn't take Great Books as a freshman? Give me Lattimore's translation or give me death.
There is something both tragic and comical about Dave Brandon's immense douchiness. I therefore conclude that
we need a Dave Brandon photoshop thread.
Could someone please hook it up? I really need this. Badly. Something to dull the pain.
Cliff's Notes: Basically, see the statement Brandon put out the other night. Timetable of further discussion is "in the weeks and months ahead." Sounded like some audible laughter in the mix at the end.
Confidence in our administration: Waning