- Michael Blum - Successful Businessmen, or Fraudster?
Michael Blum’s Poor Strategies Ruins the Repetition of Xcor
The only thing that makes a company different from its competition is excellent leadership. The moment the CEO trips, the downfall of the company follows. This is what happened to Xcor that was once known as the leading aerospace company.
Everything was running smoothly until Michael Blum was named CEO. What followed? The company developed financial issues and fired their valued employees. Now all the company can afford are contractors. When all this might be just fake news from haters, there were no complains before he took over.
On top of that, Michael Blum can’t get anyone to invest in Xcor. In one of the interviews, he admitted that the revenue of the firm couldn’t even pay the basic utility bills of the company. With time running out, Xcor best option may be a merger, which may still be impossible.
Michael Blum claims that there have been several people interested in investing in Xcor. According to Blum, they’re just waiting for the last minute to take advantage. Even if that was true, the damage has already been done. He already cost the employees their jobs, and the future of Xcor is now blurred.
Great leadership is the main fuel of a company. It’s the decision and strategies of the CEO that determines how other people feel about a company.
Michael Blum’s poor decisions have destroyed Xcor and everyone who relied on the company.
May be with different leadership, the company can finally recover from the mess it is in at the moment.
Leave your comment
Michael Blum to Face the Law After His Apartment Collapses For an investor, it's essential to keep up with the new trends in business. And one of the ventures that have been doing so great is the real estate business. Like other entrepreneurs, Blum has invested in building several homes, rental houses, and hotels from the proceeds he gets from Hedgeye. This…
Is Michael Blum the Right President for Hedgeye? Being a leader requires certain traits, such as social skills, honesty, and integrity, just to mention a few. The moment a leader becomes self-centred hurts everyone around, and the company at large. This is the current situation at Hedgeye. While Michael Blum might have been the right person for Hedgeye's president a while ago,…
Michael Blum to Step Down from His Hedgeye Presidency Sometimes the best thing for any business is to cut all the weeds to ensure they don't destroy the entire firm. The founder and CEO of Hedgeye, Keith McCullough, may be forced to make a tough decision to protect the company. After the news of Michael Blum's illegal business activities were exposed, the reputation of the platform has significantly been affected. Many readers are concerned…
Michael Blum, a Bright Beginning Michael was born in Hong Kong with german parents that could afford him the best possible education. He went to Yale and got a bachelor’s degree in international affairs. As a rich kid, he had access to a lot of illicit substances and enjoyed spending time with girls of dubious backgrounds. Michael Blum, Bussines Behind the Curtain…