Court Documents Show Dow Would Collapse Were It Required To Acquire Rohm & Haas
"Stupid is as stupid does" -- Forest Gump
Dow's offer for Rohn & Haas can be summed up in very simple terms we can all understand. The CEO went out and bought himself a Ferrari on an IOU before he turned in the winning lottery ticket. Now he has lost the ticket and there is no recourse on the purchase of the Ferrarri. I'm quite capable of such stupidity. Might I get tens of millions in compensation for such behavior?
In the process of great hubris, Dow's CEO has driven one of the world's greatest companies to the brink of collapse. And the Dow board was doing what while this was happening? Playing Halo on their Xbox 360? Planning a Naked Twister event at the Madoff residence? Participating in an all-you-can-eat Cheese Whiz contest? Playing Paper-Scissors-Rock with shareholder capital?
Two years as CEO of a $55 billion crown jewel of American business and company documents show Dow could be near collapse? To top it off on Dec. 10, Dow was forecasting fourth-quarter earnings of 30 cents a share. On Tuesday, it reported a loss before exceptional items of 62 cents a share. How much do they pay this guy?
The utter incompetence and lack of leadership in this world is epidemic.
Dow's offer for Rohn & Haas can be summed up in very simple terms we can all understand. The CEO went out and bought himself a Ferrari on an IOU before he turned in the winning lottery ticket. Now he has lost the ticket and there is no recourse on the purchase of the Ferrarri. I'm quite capable of such stupidity. Might I get tens of millions in compensation for such behavior?
In the process of great hubris, Dow's CEO has driven one of the world's greatest companies to the brink of collapse. And the Dow board was doing what while this was happening? Playing Halo on their Xbox 360? Planning a Naked Twister event at the Madoff residence? Participating in an all-you-can-eat Cheese Whiz contest? Playing Paper-Scissors-Rock with shareholder capital?
Two years as CEO of a $55 billion crown jewel of American business and company documents show Dow could be near collapse? To top it off on Dec. 10, Dow was forecasting fourth-quarter earnings of 30 cents a share. On Tuesday, it reported a loss before exceptional items of 62 cents a share. How much do they pay this guy?
The utter incompetence and lack of leadership in this world is epidemic.
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