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Strategies & Market Trends : Picks of the quarter -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (5500)	3/20/2008 11:14:08 AM
From: richardred	Read Replies (1) \| Respond to of 20435

Yes that is true. IMO- It was the start of the demise of the American worker. Michael Blumenthal (Former Secretary of the Treasury)was the CEO of the company I used to work for, Burroughs. I received part of my retirement in stock, no choice if you had under 10 years of service. It might have been a mixed blessing in disguise. The stock was well over 100. back then. Due to the Merger with Sperry, our division was sold to cut costs. I was later terminated as our division was sold to Standard Register. I knew enough about my former company to see where it was headed. I sold all my stock at 63 when terminated. The stock later languished down to 3-4. Right close where it trades today as Unisys. The other part of my retirement, thankfully I lock into fixed long term investment contracts with T.Rowe Price at double digits. Held in those contract well into working for another company. A direct rollover to an IRA once the contracts expired. Standard shut our plant down. Only key employees could move to other plants.