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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.

Michael Blum’s Poor Strategies Ruins the Repetition of Xcor

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.

Final Words

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.

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