One of Warren Buffett's early investments profoundly influenced his approach to turnaround situations
Like your work, Rational. And ethical. Thanks
My favorite wrinkle to the Dempster Mill saga was Harry Bottle’s explanation as to how he “inspired” the necessary inventory reduction:
“In desperation, I simply hired a painter and with his help we painted a six-inch white line 10 feet above the floor around the inside wall of our largest warehouse and I called in plant supervisors and informed them if I ever walked into the building and could not see the line above the pile of boxes, I would lay off everyone.”
And then he kept moving the line lower and lower. Bottle was one tough cookie.