|
|
Posted by Kaegi on Wednesday, June 18, 2008 at 00:12:02 :
In Reply to: Re: the snow ball is larger now posted by David Sherman on Tuesday, June 17, 2008 at 18:32:23 :
Here is a good example of what your talking about. My Grandfathers Company. The Prosperity Co. They were the leader in desgin and manufacturing of Dry Cleaning equipment. My Grandfather and many of his co workers were all engineers for the company for decades. Everything they sold was built to last for 50 years, the stock was healthy. In the early 60s there was a hostile take over of the company and they fired everyone and sold off all the assests in a matter of weeks. One of the engineers in his 60s commited suicide. Fortuantely my Grandpa was still a Swiss citizen and could go back home and live for almost free.
Follow Ups: