He has directed resources away from many of Microsoft's
declining legacy businesses and toward cloud computing, a fast - growing category ruled by rival Amazon but nascent enough (and vast enough) to potentially turn Microsoft's fortunes.
Not exact matches
But she ran into a problem that many CMOs and innovators face, especially those that are in a
legacy business: getting the founding partners and the sales team to understand that many outbound marketing tactics are in
decline.
This heavy debt makes it tough for the company to invest in new strategic initiatives to offset the
declines in its
legacy businesses.
Oaktree Capital Management, a Los Angeles - based investment firm that owns 14.8 percent of Tribune Publishing, sent a letter to the board Wednesday expressing a lack of confidence in Chairman Michael Ferro's digital transformation plans for the company, which has faced years of revenue
declines in its
legacy print
business.