…and only Gary/decision makers at Stern are impressed by these new hires. They will most likely run Stern somewhat into the ground. Ron Johnson became CEO of JC Penny because that board was so impressed with his experience from Apple. We know the results now, he increased prices going away from core “value for money” and tanked JC Penny. Disney castoff Seth Davis will most likely do the same to Stern.
These 2 newbies do not get the HUO pinball buying public’s thinking. Recent ridiculous price increases on Pre/LEs for example are killing the golden goose. We’re not talking about a $15 subscription fee to Disney+ or a $60 video game. Seth is now making decisions on $10k + machines. Now thanks to his moronic thinking, they cost $13k plus! Hmmm, expensive pinball machines are a whole different mentality to any of his prior woke experience with Disney and GE.
Not impressed by any of his so called credentials. He’s a Disney woke cast off. Take a good look at Disney stock to see they know almost zero on how their market once worked. Disney has changed its core philosophy of being a reasonably well maintained vacation destination for families to a now somewhat run down expensive one for the wealthier crowd. Seth is/will do the same to Stern, since it’s in his DNA. Unlike Gary that has known tough times and delivering value for money, Seth has no such understanding. Watch prices continue to soar and many HUO buyers, which is 70% of Stern’s market, walk away from the pinball hobby.