More Optimism! And Some Melancholy, Too!
Shai Agassi and T. Boone Pickens. Not two names you'd expect to see together. And sure, at first glance one may "trust" Mr. Agassi more than Mr. Pickens. I mean...what could that old oil man Mr. Pickens' motives possibly be with his suddenly altruistic urge to reduce our dependence on foreign oil? Well, making money of course! And what the heck is wrong with that? Didn't I already mention last week that where making money and helping the environment align, it's all good?
As for Mr. Agassi, he left SAP a year ago and is trying to set up a newfangled electric car and electric fueling infrastructure grid in Israel. Thomas Friedman writes about these two folks in yesterday's New York Times. I found the op-ed inspiring and hope you do too.
On the less inspiring side is Ford Motor Company, which according to financial analyst Eric Fox, is "navigating by rear-view mirror." Last week, Ford announced an $8.7 billion loss for its most recent quarter. Ford has relied too heavily on light truck and SUV sales for many years. And now it is fighting for its survival. Are you feeling empathy for Ford? Well, you're likely not a member of the the Sierra Club. Check out this humorous ditty. Seacrest Out!