Consumer Discretionary
Fish-out-of-water CEO will struggle to build long-term value - Paragon’s sources provide negative feedback on Chris Cocks who describe a leader with disdain for the core fanbase and contempt for subject matter expertise. He follows his gut rather than data or the advice of those in specialist roles and builds a deeply negative company culture rife with burnout and attrition. Cocks will focus on streamlining the company’s operations and “doing fewer things better,” but he has neither the finger on the pulse of the fanbase nor the maverick vision to turn around a company that has struggled to expand its market share.
Edition: 165
- 21 July, 2023