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What do you base that on? He founded ECD in 1960, was the CEO for 46 years, built it into a 300m+/year revenue company. Left it in 2006.. it went bankrupt in 20
by rgbrenner 13y ago
What do you base that on? He founded ECD in 1960, was the CEO for 46 years, built it into a 300m+/year revenue company. Left it in 2006.. it went bankrupt in 2012.
The bonds that led to the bankruptcy were issued in 2008 by his replacement/
The trustee recently filed suit against 3 chineese companies saying ECD went bankrupt because of their price fixing.
Are you saying that because it went bankrupt 6 years after he left, that he was a bad businessman?
http://online.wsj.com/news/articles/SB10001424127887323829104578622011650335422 http://online.wsj.com/news/articles/SB1000142412788732382910...
http://online.wsj.com/article/SB10001424052702303442004579122261141953326.html http://online.wsj.com/article/SB1000142405270230344200457912...
http://en.wikipedia.org/wiki/Energy_Conversion_Devices http://en.wikipedia.org/wiki/Energy_Conversion_Devices