Bailout ignores major segment

January 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!

2 Responses to “Bailout ignores major segment”

  1. May 12, 2009

    not just a “bailout” , but one with a bonus. Not just a bonus, but of all things a “retention” bonus. Why is it that the smartest guys in the room don’t think that anyone else can replace them?

  2. May 15, 2009

    I’m going to bet no one in DC has an investment in “Mr. Nice Guy’s” business.

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