Tyco: How To Fail In Business Without Really Trying

[brian_igo]

Check this:

The good news is, Tyco has raised $4.6 billion of much-needed cash by selling its CIT Group financial unit.

The bad news is, Tyco paid over nine bil for CIT just two years ago.

The really bad news is, if Tyco drops every penny on its debt (less a hundred bucks for post office rental in Nassau) it will still be dragging around a $22 billion Visa bill.

Tick, tick, tick...


Brian

[magenta321]

:cry:

My family works for Tyco.

Tyco encouraged it employees to invest their money in Tyco stock by matching contributions.

Most Tyco employees have a lot of Tyco stock.

Everyday I hear more about lay-offs.

These companies are really fucking up people's lives for the company's greed.

[erik_kosberg]

“...the company was saddled with picking up the tab for extravagances including a $15,000 dog umbrella.”

[magenta321]

[pluckyduck]

Shhhhh....don't tell anybody but.....our company has been working on a big RFP for a division of Tyco for awhile now. (We aren't going to get it so you can tell whomever you like, this is just one of those exercises in futility that you can smell a mile away but have to do anyway.)

Point is, I kept telling the PTB that barking up the Tyco tree was stupid. (I have such a way with words, I usually find my opinion is highly valued.)

Not my division, they continued the exercise. I told them today that they damn well better hope they don't get it. (Greater minds than I insist this division of Tyco is sound...these are the same greater minds that told me WorldCom wasn't in any real financial danger when I started squawking about them owing us 50K 6 months ago.)



Andrea
who can be a BOW (witch on wheels ) to work with