Thread: 3M acquires Meguiars
Results 1 to 14 of 14
Threaded View
-
09-10-2008 08:54 AM #6
This doesn't make me enthusiastic - sorry Barry, but you have just sold out a premium company and product (like Budweiser) to an uncaring anonymous conglomerate. You have become a prostitute to big business. Generally what happens with these is that until the new company completely takes over with their management, employees will stay reasonably happy. When that management is replaced, and it's usually over a fairly short time, the old hand hourly guys lose their incentive to produce a superior product and eventually drift away. Their raises and performance reviews become a calendar date and are dictated by corporate decrees. The big boss's door is not down the hall, but in some major conglomerate main office in a distant city. While the Meguiare's name will remain, Barry, after his new boss pisses him off once too often, will eventually drift off to retirement somewhere to count his money. It will just become another overpriced but average 3M product, a profit and loss division that will either make it or get dumped or shut down. 3M will be competing with their own house brands - and I can assure you that the existing 3M management will compete.
One bright note, it stays a USA company - at least for a whileDave W
I am now gone from this forum for now - finally have pulled the plug





LinkBack URL
About LinkBacks
Reply With Quote
A belated Happy 78th Birthday Roger Spears
Belated Happy Birthday