Office Depot Offers the Mother of All Excuses

Mar 14, 2003
George Anderson

By George Anderson

Office Depot’s latest filing with the Securities and Exchange Commission cautions that a war with Iraq “could have a very serious adverse impact on our business in 2003 and beyond.”

Moderator’s Comment: What is your reaction to the caution
given by Office Depot about the effects a war might have on its business?

Perhaps we shouldn’t have any problem with Office Depot’s
statement because the company is essentially correct. A war with Iraq will have
an effect on the economy and business environment.

That said, even with a war, there will be companies that
grow and prosper and those that do not. We can’t help but feel that Office Depot
management is preparing stakeholders for the worst that may happen even if war
can be averted? [George
Anderson – Moderator

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