Reply #107: I kinda figured. [View All]

[ozymandius]

This sounds like the same team that destroyed the Goldkist co-op for which a friend of mine was a chicken farmer. The co-op was an operation true to its name. They had profit sharing, fair prices for each producer's product, longevity among employees. Then some snake oil outfit arrived and convinced everyone that they would get rich quickly if the co-op were dismantled and restructured as a corporation with, of course, the snake oil salesmen in charge. The new board of directors gave the CEO a massive salary. Profits, once shared, disappeared and, in lieu, farmers received paltry compensation. After three years of this misery Goldkist was dead. The board and CEO bailed on the business they ruined with loads of cash provided from the "contingency" clauses in their contracts.