Replies

As I recall, Al “Chainsaw” Dunlap actually saved some companies through strategic mass layoffs. Naturally, the history revisionists like to smear him these days, but his services were in high demand because he was successful.

Interesting that you would choose a man who the SEC has been banned from ever serving as an officer in a public company again as your role model.

Dunlap didn't save companies. His sole purpose was to slash costs and inflate sock prices and then sell them. He did that to Scott Paper and tried it with Sunbeam but instead he almost bankrupted them. His policies while CEO at Nitec eventually led to their bankruptcy. Dunlap destroyed companies. He wasn't a savior.

Interesting that you would choose a man who the SEC has been banned

The SEC should ban itself! We know how well they work, Madoff, anyone want a job surfing porn sites.

******

Fresh Off of PornGate, SEC Suffers Setback in Madoff Case

A federal judge Tuesday threw out securities-fraud claims the SEC brought against Cohmad Securities, a brokerage firm that worked closely with Bernie Madoff. The judge on the case, Louis Stanton, called some of the agency’s allegations “speculative and flimsy.”

. The SEC also has suffered recent setbacks in high-profile cases involving Bank of America Corp.’s takeover of Merrill Lynch & Co. and the Mark Cuban insider-trading case.

http://blogs.wsj.com/law/2010/02/03/fresh-off-of-porngate-sec-suffers-setback-in-madoff-case/