ackman
join:2000-10-04
Acworth, GA
| reply to garagerock
Re: Or To Rephrase
said by garagerock  :
It's all about a return to the glory days of 1980's capitalism...acquire, dissect, crash and burn, bankruptcy, get out and collect millions...taking all of the employees who built the company in the first place with them. (or sending their jobs to India)
The American way of business perfectly summarized |
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garagerock
Premium
join:2002-06-14
Louisville, KY
| reply to AthlGrond
It's all about a return to the glory days of 1980's capitalism...acquire, dissect, crash and burn, bankruptcy, get out and collect millions...taking all of the employees who built the company in the first place with them. (or sending their jobs to India) |
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AthlGrond
Premium,MVM
join:2002-04-25
Aurora, CO
 ·Comcast
| quote:
The company apparently paid Nacchio a $15 million severance package on his way out, continues to pony up consulting fees, and will provide him with 10 years worth of free long-distance and phone service as apparent thanks for a job well done.
Or as a thanks for not fighting when we replaced you.
How much of this kind of thing is just paying for something to go away, and how much is it friends paying friends? Does anyone know how many of the board members where Nacchio's golf buddies?
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System protected by Impregnable Ignorance (TM) |
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