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Author: UrsineOrange Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1220  
Subject: Re: Layoffs at Hasbro division WotC? Date: 12/15/2000 1:49 PM
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While certainly the layoffs for the employees during the Holiday season are a bit depressing stockholders of Hasbro should be thrilled. The drastic change in management has been long overdue.

Last years acquisition of Wizards of the Coast by Hasbro was mostly for the undefendable collectible card game patent. What made Wizards of the Coast more unpalitable was its history of uneven sales dependent on "fad" sales. The debt load that they brought to Hasbro in the face of declining Pokemon sales is depressing at best. Worse still are the chain of retail stores that Wizards operates that without Pokemon's inflated sales are distressingly unprofitable. Coupled with poor marketing decisions and low margins on it's recently re-launched "3rd edition" of Dungeons and Dragons and only the blind can say that they did not see this coming.

For a year stockholders in Hasbro have been waiting for the long overdue cleaning of the Wizards of the Coast house. I can assure you that these cuts are only the beginning. Expect to see a massive setback to the poorly run retail chain next. Perhaps even a sale of the entire chain to another specialty gaming company. At least one profitable company comes to mind.

The previous post referenced the resignation of the President and the departure of several "veteran" staff. Without discussing distasteful previous history I'll simply say that Hasbro is far better for key WotC staff departure. Peter Adkison was the founder, current and ONLY president and as such bears full responsibility for the house of cards that he built. Spending excesses and poor management are finally being resolved. Remember that just because someone has longevity does not mean that poor job performance in forgiveable.

I certainly do not mean to come across as down on Hasbro. I simply have tired of the excuses that have come from Renton and the shoddy and unprofessional way that almost 7 years of success has been squandered. The sooner that Hasbro weeds out the dead roots the sooner the tree can become healthy.

Ursine
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