vdppdhnc@[EMAIL PROTECTED]
wrote:
> Collins & Aikman Products Corp.
>
> Former CEO of the company David A. Stockman has quit his postion and
given a tidy 20 Million Dollar going away present for his gallant efforts
to ruin the company.
> Shortly after his "retirement" the company is forced to file bankruptcy
and now is on the verge of bringing the automotive industry to a grinding
halt !!
> Collins & Aikman owes millions of Dollars to small suppliers who can
scarcely operate in this political environment and now the automotive
supplier giant is taking them to the cleaners in bankruptcy !!
> Previous CEO Jerry Mosingo was similarly retired several years ago and
was promised payments on his retirement...... when these NEVER came he
also filed suit against the cor****ate giant.
>
> We here in the UAW would like to ask our fellow workers to petition
their congressman for an investigation into Stockmans Financial affairs
and those of His wife Jennifer, who is the Nation Co-Chairman for the
republican Majority for Choice. and also a BlackStone Partner, former
owners of Collins & Aikman !!
> Stockman lives on an 11 Million Dollar estate on Conyers Farm Road in
Greenwich Connecticut.
> We in the UAW believe that Stockman has falsely represented his company
and has dishonored his alliance with the UAW and should be made to forfit
any bonus earnings while CEO.
>
> Remember ..... the JOB you save could be your OWN !!!
>
>
>
No CEO can ruin a Cor****ation all by himself. The CEO sits on the board
and the board is resposible for the company. In business sometimes
oustide forces and blind luck, and the state of the economy force
actions that can ruin a cor****ation. It is not all cut and dry. When
the confidence in the stock market dorps and overinflated stock values
drop quickly it is easy for any company to have severe problems. This
is when a sound business plan can make the difference and the stronger
companies take over the weak ones. i.e. survival of the fittest.
Sometimes a company can be doing well for the cir***stances but its
profits can be lower than exected or even losing money. Through tough
business decisons like selling off poorly performing sectors of the
business, the foundation can be laid for eventual recovery when the
economy starts to rebound. On paper these times look bad economically.
It may seem like the CEO has failed, but these actions may make a
cor****ation stronger and be in a position to take over other companies
that are in similar straights but not managed as well.
