Carbonite CEO David Friend AdmitsDropping Rush Limbaugh Hurt Firm’s Growth More Than Expected … Lesson Learned, Don’t Listen to the LEFT
David Friend, the CEO of Carbonite has admitted that dropping Rush Limbaugh hurt his companies growth more than expected. Really, this was a shock to him? Any first year non-liberal business school student could have predicted this. But as reported at Legal Insurrection, Carbonite’s succumbing to liberal pressure following the Sandra Fluke controversy. Just wondering David Friend, how is Carbonite (CARB) doing as compared to El Rushbo’s ratings?
Carbonite famously dropped Rush Limbaugh on a Saturday Night at the height of the Sandra Fluke controversy. Carbonite became the poster child for the Rush boycott movement organized by Media Matters, which coordinated the effort with so-called independent groups.
At the time I examined Carbonite’s SEC filings, and how Carbonite had built its business model based on high growth driven, in significant part, by the promotion of Carbonite by Limbaugh. I predicted that Carbonite had shot itself in the foot, and put political correctness before the interests of its shareholders.
Since that time the Stop Rush effort has imploded, with backstabbing and accusations among the participants. Limbaugh has had better numbers than ever, and the hype surrounding Mike Huckabee as a Limbaugh replacement has gone flat.
Yup, paybacks are a bitch. It really makes one wonder how clueless the LEFT truly is when it comes to business. Then again, should I really be surprised? Just as with Chick-Fil-A, the CEO of Carbonite was just as misguided thinking that the LEFT had the high-ground. Carbonite ignorantly crumbled to the pressure of the Left rather than actually using sound business principles. As NewsBusters stated, “Perhaps Friend would like some Chick-fil-A fries to go with his order of crow meat?”