I would guess that you are part of the paperboard
division and judging from the length of your note and tone
of your message is is fitting that you are or were
part of that business.
If you have not followed
the financial news over the past few years, S&P 500
has outperformed Tenneco stock by an embarassing
I thought the message board started this year?
Guess we do not have a correlation.
Neither Dana Mead nor Paul Stecko has the guts to
do what needs to be done--really. Stecko should
hitch up his pants and fire Sweeney. Sweeney has ruined
the division, and ought to be out on his ear. Morale
is terrible and getting worse. The plants are being
asked to take costs out at a time when we run too lean
as it is. The management sits in Lake Forest with
their mortagages underwritten, salary and bonuses
continue to flow, and life is good. Meanwhile, the troops
in the field are dying. C'mon Paul, fire BS. Be a
First, Freedom of Speech is an entity you should
never be afraid to exercise.
Posting Board has droned on for months and months will
complaints about Tennaco, management, and
You've all talked enough to have a few suggestions on
how to make Tennaco better, and much
Those that are shareholders can (and it's about time
they should) take the action that a shareholders has
the right to do.
Namely, introduce a resolution
(for a vote of the shareholders) at the next Annual
Meeting. There are lead time considerations, so nows the
time to get cracking.
shareholders, there is the practical aspect of lack of
retribution. So here's what pkgvet can do:
compnay that she intends to introduce the following
resolution at the next annual meeting of Tennaco
Resolved: That Tennaco consolidate its corporate
headquarters in ..<you fill in the blank>.
are SEC regulations ( and some Tennaco By-law
stipulations) that you have to follow, but this is completely
Just read the proxy booklet from last meeting. Look at
the proxy booklets from several other companies
meeting. Usually there is at least one shareholder
The important thing is that a message is conveyed.
The resolution and your explict arguements
propounding that position have to be documented in the proxy
It's essentially free. A few stamps and a few letters.
For best results you make sure you attend that
meeting and deliver the resolution yourself.
Ordinary people can do this! And each of you being
connected to the Internet are actually a cut above the
Can we not muster a fair amount of
support right here on this Posting Board for (make sense)
proposals from our own shareholder posters?
seriously, this is the way to start change to
There have been easily 20 good ideas posted on this
Board in last 6 months. How would other normal
shareholders feel to see your suggestions up for a vote at a
meeting where the outcome could really change the course
of Tennaco's journey?
Better yet, how would
Dana and his gang of cronnies feel if they saw twenty
voteable proposals that they didn't come up with
Want to push Dana closer to the edge?
Make that 40 good shareholder proposals at the next
meeting that he has to debate and sweat the vote
THIS IS SERIOUS....... THIS IS THE WAY TO REALLY SEND
A MESSAGE TO THE TENNACO WEENIES IN CHARGE.
You guys in Harrisonburg have always done well -
so life is good for you no doubt - however, how many
people (lives) did you have to cut/ruin to help achieve
the $100MM cut that Tenneco mgement thinks will
improve their stock value. A lot of the folks let go
where I come from were just considered not contributers
and this point in time (short term) but had great
potential long term!!
You said a whole bunch with your post. . . .
The only thing I could add, is: What about customers
and products and services that satisfy thier needs?
That's where the money starts coming in.
quick question, do you think any of that 7% will end up
making a customer any better satisfied? or working on
a future product to keep TEN going (or whatever our
entity will be)?
Back out of it for a minute, your valves are
You were going so hard and fast some of your letter
characters didn't even make it to the screen!
pill . . . . .
Breath Ten . . . . in with the
good air, out with the tension.
Gee guess according to your post, we don't count
here. Not only do I invest a portion of my pay back
into the company, every workday, I invest a good
portion of my life in Tenneco. I think I have a right to
comment on how the company is being run, what kind of
leadership and management we have and what our future might
be! I don't say anything here that I wouldn't say in
person to my boss or the people that I work
Is it wrong to care! I and lot of the people that I
work with that have been around for the long haul, are
I have said it before on this
board, there are a lot of good people still at Ten,
Monroe Walker and Packaging et al. A company is it's
people, and if they are not maintained just like the
equipment in manufacturing there is going to be a problem.
Try reinventing the wheel everytime you need to go to
So just back off about
employees and their comments!
Extremely verbal these past few days.
BOD and the street will not magically increase the
stock value by reading this board and seeing POSITIVE
messages about how great TEN is. They are smart people,
lets all try to rememeber that, so many firms have met
demise because they thought the street was dumb.
Your idea of hard time is childs play compared to
my days working with said firm. I shall defer
defining hard time, intuitively believe all current
employees understand meaning. I would like to see it
succeed, alot of stock in my 401K plan. Just trying to get
people to open up on this board so the BOD and the
street continue to pressure the firm to do the right