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Energy Conversion Devices (ENER) Message Board

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  • post_looks_10a_brass post_looks_10a_brass Sep 18, 2007 4:06 AM Flag

    ENER Down 40% in 3 months

    The great inventor who founded the company is ousted by irate investors who, after years of losses finally run out of patience. Someone with no experience in the business is put in charge instead.

    One hundred and fifteen years ago, in 1892, Thomas Edison was ousted by his principal financial backer, J.P. Morgan. And a former shoe salesman by the name of Charles Coffin was put in charge of the company we now know as... General Electric.

    GE turned out OK for investors.

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