After 116 years, the Devil’s knocking on Gibson’s door. Debt of as much as $560 million is due this summer, and investors are whispering that Chief Executive Officer Henry Juszkiewicz has got to go.
Henry Juszkiewicz
PHOTOGRAPHER: JEFF ADKINS/BLOOMBERG
Juszkiewicz traded a slice of Gibson’s soul in an attempt to become more than just the maker of the world’s most beloved guitar. He bought pieces of consumer electronics companies to relaunch Gibson Guitars as Gibson Brands Inc., a “music lifestyle’’ company. It didn’t work out as planned.
“My dream was to be the Nike of music lifestyle,” Juszkiewicz said in an interview. “At this point, I have to cut back on that ambition, frankly.”