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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (4852)	10/15/2001 1:15:28 PM
From: MulhollandDrive	Read Replies (1) of 33421

>>And then it all fell apart. It fell apart for three reasons: horrid management, terrible industry fundamentals and health care costs for retired people. Bessie simply had too many people working for the company at one time and could not support the pension plan once the company decided to shrink to meet reduced demand for steel. << Interesting. Obviously top heavy when it came to expenditures, 2 golf course? Geez! And "too many people working" translation...union demands. Sounds like a recipe for failure. Makes you wonder how the managed to survive all these years. <vbg>

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