Quote:
Originally Posted by Lew Silverman
These "investment" companies aren't any different then the other crooks on Wall Street. They buy and sell companies with no regard for the previous owner's and current employees, just to make a profit! . Hard to believe that a company like Pace, IF it was properly managed, couldn't have made it even in these bad economic times. Privately owned companies don't have to publish a balance sheet, so we may never know. I had never heard of the Look brand before, but from the website it appears it had manufacturing and distribution hubs in the same geographic locations as Pace.
Lew
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That's what companies are for, making a profit, not the employees. There will be a replacement that might follow the original owners model.