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November 7, 2008

Good to Gone: Disappearing "Great" Companies?

Had someone point this out to me, so I thought I'd make a quick post of it. If you take the eleven companies from Jim Collins' bestselling Good to Great book a few years back, knock off Philip Morris and Gillette (the former doesn't have the trading history, and the latter is part of P&G), you're left with nine "great" companies. That list, however, includes Fannie Mae, which is now ours as taxpayers, and Circuit City, which is looking increasingly like it will not make it through the next twelve months.

Good to gone, perhaps? Okay, okay, that's too harsh, but you still have to look askance at any such recent-ish list that includes Fannie Mae.

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