During the 1990’s the Wall Street Journal was full of articles regarding the controversial actions of such raiders. The pensions had grown so much due to the successful stock market and economy, that raiders targeted firms with these pensions.
There were hostile takeovers with leveraged funds. Once the take over was completed, the raiders took the pension funds and paid off the loan. Stripped the companies of all assets for their own pockets, and left everyone else the loser.
That is definitely not what you were doing. Big difference between rightsizing your company due to tough economic times and what corporate raiders do.
What I described is exactly what most business folks I talked to today said they felt when they saw the Newt Gingrich spot. I suspect we didn’t go for the lengthly analysis on corporate raiders. We just reacted as men and women who have sacrified much and are now being classified as greedy capitalists.
Thank you for taking the time to explain your point of view. I sincerely appreciate it. I’m still cooling off.