On January 8, 2001, I began my employment stint at Nordstrom as Vice President of Direct Marketing. The stock price was $8.33.
On March 9, 2007, I completed my employment tenure at Nordstrom. The stock price was $50.63.
On July 11, 2007, the stock price is $27.38.
How much of the stock price is due to my brilliant shepherding of the Database Marketing function at Nordstrom?
$0.
This is one of the challenges we face when evaluating talent.
Leaders are caught in updrafts and downturns. How the leader deals with updrafts and downturns manifest itself in the profit and loss statement. And during a time when Nordstrom stock declined by thirty percent (fiscal year ending 2/2008) Nordstrom actually posted a year of record profits.
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>How much of the stock price is due to my brilliant shepherding of the Database Marketing function at Nordstrom?
ReplyDelete>
Kevin,
All of it! Silly question....of course they are suffering since you left.
More to the point, the sign of a good general is not just one that lead troops in victory but also in a successful retreat.
K