What declining businesses? The only part of SL's business that is declining is hosiery, all the other sectors have growth opportunities if they were properly managed by motivated people. However with Stevie and moreso Cary's dictatorial rule, morale at SL has plummeted.
The only thing Stevie could manage is this company farther in the ground. This guy is a master at keeping people down.They should dump him and all his hench-men. I'm familiar with Kopriva in the food group and he's a joke. I can't imagine McMillan's other direct reports being any different.
McMillan has NO growth strategy. His main strategy is to close and consolidate facilities to improve earnings. There is nothing wrong with earnings but you can not consolidate a company into greatness. Recently he has boasted about strong and improving cash flow. How do you get strong cash flow with weak revenue and earnings? Simple, you stop making capital expenditures which provides a short term gain and a long term disaster. DUMP McMILLAN.