Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Nokia (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: S100 who wrote (12214)	6/6/2001 8:02:29 AM
From: Dave	Respond to of 34857

S100, all: Among the first assets to go was Mannesmann's fine art collection. The paintings by Picasso, the expressionist watercolours by Emil Nolde and the sculptures by Basque artist Eduardo Chillida, which had been gracing the tower's top floor, all went under the hammer within weeks of the takeover. So did the century-old wood panels in the board of directors' dining room. I see no problem in getting rid of fine art and "wood panels" in the dining room. That clearly shows that there was an agency problem at Mannesman where their MGMT felt it was money better spent on art, rather than re-investing it in the business.