Palihapitiya states half of large US companies cannot deliver returns exceeding the 8-11% cost of capital.
“What that means is that is the actual cost that you would borrow money at effectively. The problem is that half of large US companies now cannot deliver returns that exceed that.”
Palihapitiya argues software captures reasonable decisions that drifted from operational reality not stupidity
“@theslowtell We don’t see this. There are many decisions that had reasonable starting points but have now simply drifted from today’s operational reality. It’s now about closing the gap of where things started and what the business actually needs today.”
Palihapitiya describes Bissell as 150-year-old Michigan manufacturer competing globally on productivity
“Bissell is a 150 year old American family owned business based in Grand Rapids, Michigan. It’s a multi billion dollar manufacturing business who has revenue streams around the world and has to compete against tough competition from China everywhere so productivity, speed, and https://t.co/vSlLBSTxH0”