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RE: (erielack) The merger (was: The Cutoff, wasNJ Industry)

"Executive Privilege" :)

Yes, I soapbox too much - my apologies. But this is in direct relation
to the topic of "Erie taking over, rather than merging with DL&W" - just
using a current world example to emphasize my point that it happens in
all industries.

 

> -----Original Message-----
> From: Schuyler Larrabee [mailto:schuyler.larrabee_@_verizon.net] 
> Sent: Wednesday, July 30, 2008 11:20 PM
> To: 'EL Mail List'
> Subject: RE: (erielack) The merger (was: The Cutoff, wasNJ Industry)
> 
> So . . . .
> 
> This is on topic???
> 
> SGL
> 
> > -----Original Message-----
> > From: Tupaczewski, Paul R (Paul) [mailto:paultup_@_alcatel-lucent.com]
> > Sent: Wednesday, July 30, 2008 4:31 PM
> > To: EL Mail List
> > Subject: RE: (erielack) The merger (was: The Cuttoff, wasNJ 
> Industry)
> > 
> > > Hostile takeover is what they call it. My wife (an
> > > accountant) keeps reminding me of this and the process. 
> My late dad 
> > > (an Erieman) after the merger would come home and tell me 
>  stories 
> > > of the cronyism and nepotism that existed.
> > > This was no secret as we all know. It seems to IMHO, even 
> though I 
> > > am an Erie Legacy, I feel the Dl&W management and colors 
> were better 
> > > and who knows what could have been.
> > 
> > 
> > It's not really a "hostile takeover" - there are plenty of examples 
> > out there. I have an XM satellite radio in my car. Recently, they 
> > announced that they will be merging with Sirius Satellite 
> Radio (the 
> > other big provider). From what I gather, though, this "merger of 
> > equals" is resulting in Sirius taking over XM, with former XM 
> > management already leaving. It's not a hostile takeover (both 
> > companies agreed to it), but yet one company is getting screwed.
> > 
> > 	- Paul
> > 
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> 
> 
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