LACF said:
Increase revenue $70 million, while dropping costs by $70 million seems like a win for BDW.
Remember there are multiple owners with DeWitt in controlling position. You comment got me thinking about that.
In the corporate world, “stockholder value” and “stockholder return” are often cited when cost cutting occurs. I wonder what the current tone of DeWitt’s conversations with the minority owners is.
On one hand, his stewardship probably made them a lot of money over the years. One could guess that led to little scrutiny. However, as income falls, I wonder if the dynamics are changing.
Then again, probably none of these investors need Cardinals money to pay their electricity and grocery bills…