Merger talks effort to break union

Merger talks effort to break union
 
Date July 20, 2005
Section(s) Opinion
Brief  
 
To the Editor:

I had been waiting for something interesting to write about. I believe I’ve finally found it.

By now, we’ve all heard about the news, it seems that good ol’ Whirlpool has joined the ever-growing list of organizations interested in acquiring Maytag Corp.

I know what you’re thinking, because I thought about it too. Things like: “Ralph used to work there,” or “what about anti-trust law,” etc. Important stuff for sure, but yet fairly pale compared to what I thought about later.

Any group interested in taking us (Maytag) over would be stuck with a debt of $969 million, which would surely exceed $1 billion with interest, yet each group still considers Maytag a feasible acquisition. This forces me to consider the performance of our corporate leadership over the last few years.

Near as I can tell, everything corporate has announced, planned, predicted, updated, manipulated, eliminated or even contemplated … literally everything they’ve attempted has met with disaster.

This seems to boil down to one of two possible conclusions.

1. Ralph Hake and his board of directors each wasted about $150,000 on their education … or

2. They ran this corporation into the ground on purpose just to break organized labor’s back …

By the way, those guys are getting richer while we are losing our careers, so guess which one it is.

Rich Harris

Newton

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