Smudger Smith & Co
'Elf' themselves again
ODP (aka Office Depot/OfficMax) had another bad year....exacerbated by Covid. CEO Gerry 'Smudger' Smith arrived in Jan'17 with a "transformation" fanfare for selling managed IT services to SMB's. In 4 yrs, Smudger's led a sales sink of 25%; a 50% profits plunge; & a 50% market cap crash to a meagre $1.5Bn. Time's running out for the delusional chief?