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Henry C.'s avatar

This event smacks of different things, in no particular order: cartel assassinations of unfriendly court officials and LEOs. Bombings and assassinations by Anarchists in the early 20th century. Weathermen and FALN attacks.

So the words 'Deny' 'Defend' and 'Depose' were inscribed on the shell casings. Hrm.

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Rick T.'s avatar

The reason I’ve done consulting work on my own for 30+ years is what I witnessed as a junior woodchuck who did corporate budgeting and SEC filings for Beatrice Foods. I had a front row seat to the outright greed and dick measuring that was the Beatrice/Esmark/KKR affair in the early days of major corporate takeovers.

For you young ones, both Beatrice and Esmark were two of the major food conglomerates, both based a couple blocks from each other in downtown Chicago. Our chairman made a play for Esmark whose chairman went to KKR to finance a takeover of Beatrice. I had the “privilege” of helping put together a prospectus and delivering it by hand to Quaker, Kraft, and Consolidated Foods which were also in downtown Chicago in hopes of funding a defense. No dice.

But of all that I saw in the room, there was nothing about what was best for shareholders. Severance packages and new org charts? Plenty. Making crap up to make the pro forms look better? Absolutely.

The C suiters, officers, and key personnel all got three years and maximum bonuses. Some got two severance packages in a couple of months because of change of control provisions. The final straw for me is that they tried to fuck the Corporate Secretary (spinster lady) out of her same package because she wasn’t really management just somebody who signed documents.

So I’m satisfied though I’ve left a lot on the table by not living the corporate life. It’s simple. I do the work. If I did a good job, you pay me. No working for promises. No working uncompensated hours. No playing politics.

I apologize for the long rant.

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