posted on Dec, 17 2003 @ 02:18 PM
And you know business folks as your regular circle of friends, so I'll respect your thoughts on the following.
Please let me know your perspective on how or why a CEO looks at a company that has horrible market share and upwards of $4 Billion in
employee claims againsts it , does a cost benefit analysis, and deems that a buy?
We also need to get on the same page: Some of the most insideous actions taken by corporations have been STELLAR for share holders. Which one are we
going to discuss? As for your favorite 'defend at all costs Co.', their S&P rating is "bbb", close to the lowest they give. Also, I think the
stock fell 75% between the 1998 Dresser purchase and when he left to be President er, VP.
If it's moral, they've been immoral. The Dresser deal looks a little better then, because it allowed KBR to sell $24M to Saddam Hussein in oil field
supllies through it's foreign registry, thus circumventing the prohibition of US firms dealing with Mr.Bloody Despot. Then did $15M the next year, as
well as being a big supplier to Burma - a bloody dictatorship that makes Saddam look like a puss.
But still, the CBA doesn't match when the cost has a potential of $4B. Unless, of course, litigation limiting legislation on Asbestos was being moved
through a GOP top heavy Congress, hmm?