First off, it's a shame if they do go under. I've worked for several companies and when morale is bad, like someone else mentioned, things go downhill fast. Service goes, quality goes, and the corporate big wigs wonder why since they cut payroll or benefits why morale is bad. On paper it should have been a good thing for their bonuses, but they don't understand how important the front-line employees are.
I agree with this quote above. Maybe this is one of the reasons they are going into the crapper. My guitarist friends would never buy an Epiphone, but have no problems playing a MIM Fender or a non-US made PRS. Weird. I'm not a Gibson bass player, but if I had the cash I'd buy some of those Alex Lifeson model guitars.
It seems like they're too spread out with their fingers in too many pies. What to do to save Gibson? Maybe sell off some of the other non-Gibson guitar brands for starters and focus on making stringed instruments again. Look at Taylor. They seem to be doing this right.
Here's something interesting, I don't know if anyone else mentioned:
From Wikipedia: Although it is well known for its guitars, Gibson's largest business is in fact electronics. Gibson offers consumer audio equipment devices through its subsidiaries [Invalid or Expired Link Removed] (Philips brand), Onkyo Corporation(Onkyo and Pioneer brands), TEAC Corporation (Teac and Esoteric brands), Cerwin Vega and Stanton,[6] as well as professional audio equipment from KRK Systems and TEAC Corporation/TASCAM and music software from Cakewalk.
They just discontinued cakewalk
