Originally Posted by
bbkaren
I get your sympathy, BN, but what's the alternative? Sacrifice best business practices to accommodate "fairness"?
It's a rough world out there; if they run the company in a way that's not best for the SURVIVAL of the COMPANY, then far more will lose their jobs.
I just can't understand how folks don't see that...especially on a liberty-loving board such as this.
BBK, I'm not so sure it has anything to do with running a company properly. There are lots of times, especially in a buy-out or remote ownership situation it has to do with write-off of debt or balancing out losses in the parent company. In other words it is strictly a bookkeeping necessity and has nothing to do with how the Ferry Morse portion of the company is doing. In fact, they may have been doing well enough to have caused their demise. There may well have been profits or losses elswhere in the parent that make Ferry Morse a weak link but not necessarily unprofitable.
Last edited by 4Him; 05-30-2012 at 07:16 AM.
Reason: Addition
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There are two ways to be fooled.
One is to believe
what isn't true;
the other is to refuse
to believe what is true.
~~Soren Kierkegaard 1813-1855