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Golf tour merger coming soon
Michael Morandi:
--- Quote from: Kalen Braley on February 18, 2025, 01:07:19 PM ---Michael,
I will concede he did what he could, but look at the PIP amounts for example, all to be spread out among dozens of players
$40 Mill in 2021
$100 Mill each in 2022 and 2023
$50 Mill in 2024
Jon Rahm's deal alone was bigger than all of that combined, as the Saudis literally spent billions to get those big names. Its still an apples to oranges comparison. He was never gonna come up with that kind of money and would have lost even more face to pretend that he could.
--- End quote ---
Understood, but my point is that he should have got ahead of LIV with the concessions he made after he lost stars to LIV. Maybe he would have lost them anyway but it wouldn’t look so reactionary. That’s why I say a CEOs primary job is understanding potential threats to the business. It’s not like a surprise that LIV wasn’t already sport washing or that Greg Norman wanted a world tour.
Chris Hughes:
--- Quote from: Michael Morandi on February 18, 2025, 10:37:04 AM ---
If you believe that recruiting Phil was critical to LIV, then conceding name, image and likeness rights to Phil might have stop the lefty, as he requested.
--- End quote ---
Excellent point.
--- Quote from: Kalen Braley on February 18, 2025, 12:16:04 PM ---
100% agree with Rob on this one.
I asked back then and i'll ask again now, what the hell was he supposed to do to repel a competitor who was literally willing to flush billions down the toilet?
P.S. Could the tour afford to give just one player like Phil $200 Mill? This is a complete non-starter
--- End quote ---
As Michael adroitly points out, simply conceding Phil's NIL rights and allowing him to monetize on his own may have been enough. Tour wouldn't have had to write any checks...
Erik J. Barzeski:
--- Quote from: Michael Morandi on February 18, 2025, 10:34:05 AM ---What is more important?
--- End quote ---
You said "The primary job of any CEO" "is to identify and repel external threats"…
Here's what ChatGPT says:
The primary job of a CEO is to set and execute the company's vision, strategy, and overall direction while ensuring sustainable growth and profitability. This includes:
* Setting Vision & Strategy – Defining the company’s long-term goals and the roadmap to achieve them.
* Leadership & Culture – Building and leading an effective executive team, fostering a strong company culture, and ensuring employee engagement.
* Financial Oversight – Managing revenue, profitability, and overall financial health while ensuring efficient resource allocation.
* Stakeholder Management – Communicating with investors, the board of directors, employees, customers, and other key stakeholders.
* Decision-Making & Risk Management – Making critical business decisions, mitigating risks, and adapting to market changes.Ultimately, a CEO is responsible for the company's success or failure, ensuring that it remains competitive and aligned with its mission.
Here's what an article said:
The primary job of a CEO is to lead the organization by setting and executing its overall strategy, making major corporate decisions, and managing the company's operations and resources. They are also responsible for communicating with the board of directors and ensuring that the company's goals are met.
Erik J. Barzeski:
--- Quote from: Michael Morandi on February 18, 2025, 03:23:32 PM ---Understood, but my point is that he should have got ahead of LIV with the concessions he made after he lost stars to LIV. Maybe he would have lost them anyway but it wouldn’t look so reactionary. That’s why I say a CEOs primary job is understanding potential threats to the business. It’s not like a surprise that LIV wasn’t already sport washing or that Greg Norman wanted a world tour.
--- End quote ---
They didn't have the money until the new media rights deal kicked in.
Michael Morandi:
--- Quote from: Erik J. Barzeski on February 18, 2025, 06:10:01 PM ---
--- Quote from: Michael Morandi on February 18, 2025, 10:34:05 AM ---What is more important?
--- End quote ---
You said "The primary job of any CEO" "is to identify and repel external threats"…
Here's what ChatGPT says:
The primary job of a CEO is to set and execute the company's vision, strategy, and overall direction while ensuring sustainable growth and profitability. This includes:
* Setting Vision & Strategy – Defining the company’s long-term goals and the roadmap to achieve them.
* Leadership & Culture – Building and leading an effective executive team, fostering a strong company culture, and ensuring employee engagement.
* Financial Oversight – Managing revenue, profitability, and overall financial health while ensuring efficient resource allocation.
* Stakeholder Management – Communicating with investors, the board of directors, employees, customers, and other key stakeholders.
* Decision-Making & Risk Management – Making critical business decisions, mitigating risks, and adapting to market changes.Ultimately, a CEO is responsible for the company's success or failure, ensuring that it remains competitive and aligned with its mission.
Here's what an article said:
The primary job of a CEO is to lead the organization by setting and executing its overall strategy, making major corporate decisions, and managing the company's operations and resources. They are also responsible for communicating with the board of directors and ensuring that the company's goals are met.
--- End quote ---
And I stand by my assertion. Did the CEO of Blockbuster fail for not seeing Netflix in the rear view mirror? What about Kodak and digital photography? All the roles you cite are contingent on the company’s existence. And you do know that AI is prone to hallucinations, meaning wrong answers. I’ve made my point. I’m done. I’ve been on a few boards. Monahan would not get my endorsement.
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