Bailout ignores major segmentJanuary 31, 2009
This week, I met with a potential client–clearly a really nice guy–who has run an exceptionally successful business for over twenty years. His company is widely recognized as the industry leader in its segment. The facilities are clean and well-run, and the workforce is loyal because the owner has always treated them well.
His market has suddenly declined by 50% because of “the economy;” i.e., forces totally out of his control.
Don’t we all wonder why companies that have been mismanaged are getting “bailed out” while those that have earned the right to be saved are hanging by a thread with no government help in sight?
Something is wrong with this picture!