There are several factors contributing to Vivendi’s problems. Canal Plus is one of the main concerns but is by no means Vivendis only trouble spot. ...
Pierre Lescure the popular founder of Vivendis Canal+ pay-TV unit, and his number two, Denis Olivennes, disagreed with Messier over Telepiu strategy. ...
Messier also had problems with his US acquisition – Universal Studios. ... In fact, only days before his ouster by Vivendis Board, Mr. ... It was only after Vivendis Board dislodged Mr. ...
Discussion
The fall of Messier is due to corporate and management communication problems and cultural insensitivity. ...
The glue meant to hold all of Vivendis operations together was Messier. ...
Poor communication is the primary cause of Vivendi’s financial problems (falling stock price, a large amount of debt, and loss of shareholder and employee’s respect). In order to have effective communication, a company must learn to manage two-way communication (both in transmission of information and in receiving of information). ... A decision had been taken at the executive committee level to limit communication by Mr. ... The company counted on this insular and overbearing CEO too much to manage the communication system of Vivendi. ... Messier did not articulate a cohesive corporate strategy, as well as how he plans to unload Vivendis debt.
One big communication problem: Canal Plus
By firing Lescure in such an indelicate fashion, Messier has succeeded in drawing the attention of already skeptical investors, who are concerned about the conglomerates overall lack of strategy, regarding Canal Plus. Vivendis stock is down 36% this year and nearly 50% since it acquired Seagram in December 2000. ... His image was tarnished after a number of communication, cultural and public relations blunders. ... ) and communication that the company should have.
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