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SPX Corporation Message Board

  • learnedalotatgsx learnedalotatgsx Aug 9, 1998 11:19 PM Flag

    GSX bashing

    I must admit, the GSX bashing is about what I
    expected.

    Yes, Mike Lockhart made some mistakes. Yes, the style
    of management was profit oriented. And yes, this
    style of management didn't always rub the GSX employee
    in the right way.

    But, let's not forget what
    GSX or any other company is in business for--TO
    ENHANCE SHAREHOLDER VALUE. If while enhancing shareholder
    value the company makes the employee feel warm and
    fuzzy, well, bonus. So folks, wake up and don't be so
    naiive. If you keep this in mind, your career will be
    better off.

    And as for Mr. Lockhart enhancing
    shareholder value, I sold quite a bit of my GSX holdings at
    $50/share; so, in my eyes, he did what he was supposed to
    do.

    And for those of you who are probably saying, sure,
    the words of a heartless investor, not an employee, I
    was a GSX employee. Until 2 months ago I worked at
    the poorest performing member of the GSX portfolio.
    So, I know what it is to have corporate folks in your
    face everyday. As with every company, yes there are a
    few you would rather not deal with. But, also
    remember to look inside your business unit. I'm sure there
    a few under-performers there also.

    I guess
    what I am trying to say is quit whining about what you
    perceive to have happened and get on life.

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