Ill-advised acquisitions, management problems,
unnecessary relocations and many other flawed business
decisions (or indecisions) have contributed to yesterday's
(somewhat obvious) revelation.
This didn't just
happen in the third quarter of 2000. It has been
happening for several years. Shareholders (and possibly the
board of directors) were sleeping. For all of those who
lost, my sympathy. If it is any consolation (which I
doubt), I am sure the parachutes are in place for those
jumping from their corner offices in Indianapolis.