DuPont has a lot of DEBT not much cash left. And they spun off some businesses that used to make a few bucks.
This company is better off than Chemours for now, at least until Chemours goes bankrupt and people sue DuPont for environmental crimes.
Load up on DOW which is a bargain after a recent dip.
Notthatbright is hated by her coworkers. Doubtful anyone listens to her since she went postal. Even her boss knows who a clown she is and only uses her as a snitch. A female version of Niedermayer. But dumber
You have to admit that the spinoff bought Ellen enough time to get her bonuses and then have a hostile takeover from a Peltz kind of character. She'll pocket 50 million more.
Good note. I can tell you that knowledge walks out the door one way or another. Nobody likes it when the Chinese steal secrets and people who do this should be prosecuted for deliberate theft.
Anyone inside the company can tell us that the degree of franticness, chaos, disorder, etc. Is at a record high. The stew is really churning. Sad but true but selfinflicted thanks to trying to meet quarterly targets and missing nearly every time.
Last one out of DuPont turn out the lights
Another thing to consider. The way DuPont shares have crashed along with Chemours, expect an expensive and timely shareholder lawsuit soon. Lawyers will be called to defend Ellen which means they have no time to track down the CTP crowd.
You're giving DuPont attorneys way too much credit if you fear being sued for a non-compete agreement.
Times have changed. SURE DuPont will tell you they will enforce anything and everything. But the reality is that things are so hectic and chaotic inside the company these days, with the Chemours spinoff, Peltz breathing down Ellen's neck, people fighting to keep a job, any job, etc. No one will notice if people go off and find jobs at competitors, whether they were CTP'ed or left on their own.
This isn't the old DuPont when they watched things closely.
And judges, even in a business-friendly state like DE, have started to turn more in favor of balance toward the workers. The middle class malaise has impacted their thinking when it comes to being 100% on the side of business.
DuPont chose to cut themselves from a thriving company of 150,000 employees to this toxic mess. If employees go off and help the competition, so be it.
It's effectively illegal for them to force you to avoid working in most jobs. The only exception may be short-term not work in a specific technology. Companies love to pretend they can keep you from working just about anywhere but it's a legal farce.
If they dumped someone then they have to live with the consequences of having intellectual property walk out the door. They should have dumped twits like notthatbright who don't have any brains.
Kind of like when the Jewish people complained about not having a king, because all of the other peoples around them did. So God said fine - here's Saul and then people got stuck with him.
That worked well with Enron. Chemours is on the same path. Worst yet, Markie Mark may rejoin DuPont once his does his Jack Kevorkian imitation on Chemours.
Are you always this dumb?
Get a life girl.
You wouldn't believe some of the programs being unleashed by management lately. FRESH FACTS is only one of the batch. Phew.
The sooner it's clear Ellen will be forced out the sooner you'll see the upper layer try to look busy and "value added" - funny reading their emails to the masses.
Peltz was half right. DuPont management is bloated. The corporate departments create work for the masses, especially program of the month whether SHE programs or other so called improvement programs. Just complete waste. No value to customers.
Why peltz lost was splitting up a company is way overrated when you try to turn one into ten. Plus no rationale was provided for his pie in the sky 120 share price.
Stick to cutting overhead and saving a billion annually is enough.
Ellen is going to get forced out sooner or later and collect her 50 million. But she deserves praise for spinning off so much #$%$ into Chemours that it smells like a Porta potty on a 95 degree day in Wilmington.
Insiders could see problems so big they couldn't be solved just by trimming headcount. That's why the Chemours spinoff is being cheered by everyone still at DuPont. Sorry someone had to take the hit but Ellen deserves credit ar least for this great idea. Unethical? Yeah, I'd agree. But sometimes people have to do things like this to save the mother ship. Legal? For kow, I think so. We'll see in a few years when Chemours is bankrupt.
Every business chosen to be part of Chemours was chosen for a reason. Lackluster growth and liabilities. Teflon has nothing to do with titanium dioxide but they are part of this ill-fated experiment.
I've already added that the big boys and girls in corporate SHE need to go. You could cut 80% of the overhead and be no worse off for performance, maybe even better since there'd be less BS coming from Wilmington.
Tough call on R&D. It has delivered blockbusters but sure has cost money. But if it is cut by too much the company will die. They should kill off the patent quotas and act like 3M and let folks explore without being so constrained. Too many chiefs as well. Seems like one boss has five reports and spends his or her day micromanaging people with PhDs which annoys the #$%$ out of talented folks. Sadly, the heads cut lately were worker bees.
They can start with cutting the overhead in SHE. With the rash of deaths and releases and accidents, obviously the corporate heads aren't making a difference on the bottom line for SHE other than coming up with new safety programs that look good on paper but aren't worth a bucket of spit on the shop floor.
Gotta laugh too at the bozo in Ag who crows about DuPont and Chemours shares, playing the spoiler role in three card monte. If she's really dumb enough to buy shares, then she deserves the abuse and financial woes.
Her silly claim that she hasn't lost money until she sells in bogus. This twit said the same thing when she loaded up on Kodak and Enron shares!
Word is that Chestnut Ruins is having local sewage issues. Something about toilets occasionally backing up. Could this be the result of DuPont dumping materials and sludge over the years, resulting in blocked lines????
Don't worry you can buy it under 10 later this year when the dividend is cut 75%. This turkey is all feathers, no meat. Even Ellen has dumped her shares, but before it sank this far.
One DuPont was Chad's brainchild handed off the Ellen. Slogans come and go but some are more laughable than others. Chad's Life Sciences platform was perhaps the most laughable
When asked about what was included, he gave some generic description like "anything that touches life" which means "whatever I want it to mean so shut up, next question"
Fresh Start is still a buzzword. People even have the icon at the bottom of their emails. I think we'll see reruns of The Right Way to Manage soon. Their running out of new fads and will recycle things to put up a thick fog.
Fair price for now.
Chemours was the stinking bomb in the room that needed to go
It lost more ground today in an up market, while DuPont had a nice day