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Tenneco Inc. Message Board

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  • now_out_of_ten now_out_of_ten Nov 7, 2001 1:44 PM Flag


    For starters, the company is heavily in debt.

    The gripes on management should not be dismissed. Yes, people gripping about the night shift manager at a particular plant will not give you much information. But, there is some great information on the upper up's on this board like:

    The CEO was involved in activities where partners, but not himself, were convicted of wrong doing.

    Upper management pay is NOT tied to stock performance. As a matter of fact, their Golden Parachutes are rather impressive an open when and if the company is bought up and torn apart.

    The management is ultra reactionary in deed, but overly proactive in word. Programs of the month come weekly there. I was personally involved in a few which now exist only as dusty posters on a wall, or so I am told from friends still on the inside.

    For more information, I suggets you visit their website and take a look at the annual report.

    Also use this site, not the board but the chart and info page, to do some historical research.

    You will see that this company does do the right thing from time to time and when this happens the stock blips up, but quickly drops back down.

    Anyway, gottsa get back to work. My advice to you would be to stay away from this one. When the 0% financing stops and new car sales hit a brick wall, Tenneco, more so than other suppliers, will get whitewashed.

    Just My Humble Opinion, Thanks for Reading

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