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Tenneco Inc. Message Board

  • Melinoma Melinoma Apr 29, 1999 7:13 AM Flag

    TEN on CNBC/TV this morning

    CNBC/TV claims Tenneco will announce its' decision today that packaging will be spun as a separate company to Tenneco shareholders.

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    • sorry traveling today....fing...whats you're deal with OHL ?? Any how.....meetings all week...by friday for sure...unless I get a break in between....(no privacy)

    • A-fing-men !! How about 5 P.M. Monday ?

    • ...a pity that management was allowed to cause
      this destruction unchecked.....If the money from all
      the restucturing & cost cutting was put to good
      use.... that would be one thing....unfortunately...these
      bastards wasted money on self indulgence.... like kids in
      a candy store....at the cost of the (few) remaining
      companies, competitiveness , productivity , market
      leadership not to mention employee morale. As we speak
      they're still figuring out new ways to screw employees.
      mead evans & the like basicallly took the engine,
      transmission, wheels & steering out of the car & now wonder why
      no body wants to buy it or why it won't go. At least
      we all enjoyed the racine to deerfield to LF moves
      as well as the houston to greenwich moves & all the
      worthless acquisitions & bad business we acquired in
      between.
      I said it before & I'll say it again. ALL THE
      EMPLOYEES SHOULD QUIT AT ONCE. PICK A DATE LIKE MEAD PICKS
      HIS NEXT ANNOUNCEMENT & SAY.....SEE YA.....AT WORST
      YOU'LL GET A JOB WITH A COMPANY THAT TREATS YOU LIKE A
      HUMAN BEING.

    • For your information:

      The current price of
      El Paso Gas is 36 1/4. EPG was being sold for around
      46 when they were first separated from Tenneco.
      However, since this stock has split since El Paso left
      Tenneco, this means that the stock would now really be
      worth 72.5 without the split, a gain of over 50%. It
      would be nice to see Tenneco gain even 5%, instead of
      losing almost half its previous value before the other
      companies were separated from it. If this is realizing
      stockholder value I think I'm about to puke.

    • Litton Industries has tendered an offer to buy
      Newport News Shipbuilding (NNS) stock for $35.61 a share.
      This would mean that NNS stock has risen ~220% since
      we were split off from Tenneco. But since that time;
      TEN has lost about 45% of its value. Does anyone
      understand the word "mismanagement"! If you look it up in
      the dictionary, you'll find a picture of the Tenneco
      Board there!

    • Stick around! Pretty soon PCA--oops, Tenneco
      Packaging, oops again--PCA just may be run by some guys who
      know what's what in the paper and box business. Take a
      look around, and see who the Smurf's ran off, and see
      if they know Sweeney. You'll find they do. Take
      another look around, and see if they know the Madison
      Dearborn Partners. Again, you'll find they
      do.

      These gentlemen forgot more about packaging than most
      people ever knew. They are professionals, and they know
      how to make money in this business. You should be so
      lucky as to work for RS and MK if this deal comes
      together.

    • I'm an employee on the Packaging side of this
      conglomerate toilet. I now see what your long term plan
      is....drop the share price keeping your experienced people
      from being able to afford to retire or maybe it's
      using the packaging company to pack up automotive and
      take them to the dump or have automotive drive
      everyone of a cliff.

      Dana, thanks for your
      continued support and will be sure to leave the light on
      for you after we move all the equipment out of our
      plant.

      Oh, one more thing, congratulations on reaching a
      fifteen year low, You Da Man!!!!!!

      And yes, I am
      looking for other employment.

    • mead on cnbc friday morning.

    • Until the Annual Meeting of Disgruntled
      Shareholders !! We can only pray it's the last one for current
      BOD. I'm running out of toilet paper...I think I'll
      use the annual report and my stock
      certificates.

      Anyone planning on going to the meeting??

      Anyone
      have a spin on BOD vote ??

    • ...those were the days....it's scary to think
      that adjusted for market value (then Vs now) plus
      inflation ...what would this joke of a stock be worth in
      1990 dollars ....$8.50 ???? $9.25??? ......employees
      are frustrated...because ...they are "stuck" with the
      stock in their 401K's ...nasty pill to swallow....not
      only does the company treat you like sh!t & your job
      is always on the bubble....but you lose $1000's on a
      daily basis now.....if it's any kind of
      consolation...at least mead loses value times 800,000+ plus shares
      daily...he's his own worst
      enemy....
      BEST>>>>>THEROBOTZ

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