Can Segway recover?

Segway owner Jimi Heselden died after driving one of his company's upright scooters off a cliff. Did Segway's future die with him?

Prior to the death of it's owner, Segway was already grappling with a less-than-cool perception and a $6,000 price tag.
(Image credit: CC BY: Enrique Dans)

The millionaire owner of the Segway company, Jimi Heselden, was killed recently when he drove an all-terrain Segway off a cliff near his home in northern England. British newspapers are reporting that Heselden might have lost control while backing up to make way for a pedestrian on a bridal path near his home. Whatever the circumstances, will this tragedy spell doom for an already struggling company?

Segway might not bounce back: The death of the boss while using his own product, says Aimee Picchi at Daily Finance, is any company's "worst marketing nightmare." But Segway was already battling "safety concerns and poor consumer perception," with most people wincing at its $6,000 sticker price and clinging to the memory of George W. Bush's Segway mishap in 2003. This tragedy will be very difficult to overcome.

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