Top Sirloin <[email protected]
> [email protected]
> >Certainly the IPO of a successful company marks the point at which a serious weasel infestation
> >becomes permanent/terminal.
> And your evidence that this is the case with Cannondale is?
The CEO had plundered the C'dale bankroll and credit line for his own personal gain. This is not the
approach a founder and private owner takes to a company he values and has taken pains to build. It
appears typical, however, of contemporary corporate management, both as I have witnessed firsthand
and as frequently reported in financial news.
Cannondale took on motorcycle manufacturing for no justifiable reason except that the dollar value
of the moto market is higher than that for bikes. "Because money exists" is about the dumbest
possible reason to get into any business, but publicly held companies do it all the time.
Private companies tend to stick to their strengths and founding principles, good or bad. Rarely does
that make them as boneheaded or as corrupt as public ones.