Re: Mark Hurd to be keynote speaker at HP Technology Forum

From: David J Dachtera (djesys.nospam_at_comcast.net)
Date: 08/11/05 

Date: Wed, 10 Aug 2005 21:07:46 -0500

norm.raphael@metso.com wrote:
>
> LESLIE@JRLVAX.HOUSTON.RR.COM (leslie) wrote on 08/09/2005 02:35:42 AM:
>
> > David J Dachtera (djesys.nospam@comcast.net) wrote:
> > :
> > : That'd put him head-and-shoulders above any other CEO in the country.
> > :
> >
> > Maybe in the top 5, but the top CEO honor goes to Malden Mills' former
> > CEO, Aaron Feuerstein:
> >
> >
> http://sitesearch.washingtonpost.com/wp-dyn/articles/A3963-2001Dec19.html
> > A CEO Who Lives by What's Right (washingtonpost.com)
> >
> > "By Mary McGrory
> > Thursday, December 20, 2001; Page A03
> >
> > In this anxious hour of pink-slip dread, it is restoring to think of
> > Aaron Feuerstein, a Massachusetts manufacturer who prizes his
> > employees and risks profits on their behalf.
> >
> > The CEO of Malden Mills, located in Lawrence, the 23rd poorest
> > community in the country, stepped clear of the greedy stereotype of
> > his kind in 1995 when, just before Christmas, his factory burned down.
> > Rather than taking the insurance money and retiring or moving the
> > plant to some Third World country, he promptly announced that he would
> > rebuild. He gave bonuses to the help and paid them while they waited
> > for the factory reopening..."
> >
>
> Yes, but unfortunately, he eventually lost the company in bancruptcy.

...and his people had money to hold them over while they sought new
employment.

Severance package - nothing unusual, except perhaps the circumstance
that precipitated it. 

-- 
David J Dachtera
dba DJE Systems
http://www.djesys.com/
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