On outsourcing worries

 From Bloomberg:

When KKR bought Novi, Michigan-based ITC in 2003, it offered [Joseph] Welch a chance to run it — provided he put about $1.5 million into it. Welch ended up emptying his savings account, mortgaging his house and taking out a loan.

KKR didn’t want to have trouble sleeping at night,” Welch, 58, says. “They did that by making sure I had trouble sleeping at night.

Advertisements
Posted in Uncategorized. Leave a Comment »

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: