DuPont Chieftess Continues Degradation Perpetrated by Her Predecessor
Good Morning, Bonjour, Guten Tag,
For the last 16 years, DuPont has had only two CEOs, Chad O. Holliday, Jr, a bumbling overlord from Nashville, Tennessee whose only earned degree is an undergraduate diploma in "industrial engineering", and his pet pupil and successor Ellen J. Kullman. This destructive duo eagerly embraced an illogical and faulty business paradigm that Shrinkage Equals Growth. It never worked out. By 2008, DuPont had dramatically declined and shrunk to the number eight position amongst global chemical enterprises in revenues, having held the mighty number one position for practically all of the 20th century.
The Company is in a state of liquidation, being chopped apart and dismembered. Next year, 2015, with the ditching of chemicals via a spin-off to DD shareholders, DuPont will lose $7 billion of revenues or about 20% of its total revenues of $36 billion per year. Out the window goes a very substantial cash flow which has helped feed the obese overhead sandbagging this unwieldy conglomerate and which contributes to the DuPont dividend pay-out.
Other than a pesticide with a customer-hostile name which cannot be spelled, pronounced, or remembered, DuPont RYNAXZYPYR, we cannot think of a single new blockbuster product or breakthrough technology coming out of the once renown but now shrunken and demoralised DuPont R & D laboratories in the past five years. Costly and bio-foolish DuPont Corn Cob "Gasoline" just doesn't cut it, as shrewd activist investor Nelson Peltz has pointed out cogently.
After 212 years, this famous Company is disappearing product by product, business by business. Buzzwords substitute for business sense; political games trump profits, and PR slogans supersede sales.
Merely the perspective of one individual investor and long-time student of DuPont in decline…funfun..
Folks, we don't care whether or not this obvious shill for DuPont Management or PR operative for damage control believes we have credibility or not. We are not writing for the resentfully under-educated, trash-talking stooges for this corrupt conglomerate.
Hopefully, the Peltz Plan will be forced through, and this vile enterprise in the dwarf State of Delaware butchered into manageable parts under new leadership.
A Vote of No Confidence in Herself & Bumbling TEAM?
Good Morning, Bonjour, Guten Tag,
Folks, we always watch to see what corporate leaders do with their own money. No surprise that DuPont "leaders" have been consistent heavy sellers in the stock of the Company they run. But we were indeed surprised at the huge size of Ellen Kullman's latest exit from DD: Some 450,000 shs of DD for a whooping $31,000,000.00 on Sept. 18, 2014.
Her price? $70.05.
Looks like her high-priced Company-supplied financial advisers had this price in mind for dumping a huge part of her portfolio, namely $70 a share.
What does Ms. Kullman and her advisers know that the great unwashed do not?
We'll find out soon.
Merely the observations of one individual retail investor and long-time student of DuPont in decay and liquidation...funfun..
CEO Brian Moynihan Takes Over the Top Spot of Bank of America
Good Morning, Bonjour, Guten Tag, Buon Giorno,
Folks, the news broke late yesterday, the former Chief of DuPont, Chad O. Holliday, Jr has been demoted on the Board of Directors of Bank of America Corp, replaced by current CEO Brian Moynihan, who will serve in both now conflicted roles at this Bank with such a long sordid history.
Query as to why this bumbling former overlord of the DuPont Company who presided over DuPont's dramatic decline and shrinkage from 1998 to 2009 and a cliff-dive of its stock from 84 to 16 was ever selected as Chairman of Bank of America Corp in the first place. As veteran bank analyst Mike Mayo declared with precision, the hollow Holliday is "a figurehead with no banking experience".
Jack Bovender of the highly successful hospital chain HCA is a breath of fresh air for the Board and the Bank. Bovender would have been the superior choice as Chairman.
Showing Chad O. Holliday, Jr. the door is a very good move on the part of Mr. Moynihan, but for the glaring fact as CEO, Moynihan will be reporting to himself as Chairman of the very Board of Directors who assess his performance and undoubtedly continue to lard him with an increasingly huge personal fortune in pay and perks. If that is not a conflict of interest and poor corporate governance we don't know what is. It seems the top "leaders" of this corrupt financial conglomerate simply cannot deal on the level for the benefit of long-suffering BAC shareholders as well as customers.
Merely the morning commentary of one individual retail investor and long-time student of DuPont in decay....funfun..
How Low is the Quality of DuPont's Unethical Management? How Far Do They Sink in Fortress Wilmington?
Good Morning, Bonjour, Guten Tag,
According to the local Wilmington, Delaware newspaper this morning, Sept. 17, 2014,
"A 44-year-old DuPont Co. manager was charged Tuesday with criminally negligent homicide and leaving the scene of the crash near his Hockessin home that killed a bicyclist last week."
The vile actions of this DuPont Manager destroyed the life of a young 27-year old man who was making a solid contribution to the community. But what is outrageous is this DuPont Manager true to his corporate culture of evasion and escaping any responsibility (think of tree-killing DuPont Imprelis and poisoning the drinking water of 100,000 people for two decades with extraordinarily toxic, cancer-causing DuPont Teflon chemical, C8) sped away in his fancy Audi, leaving a dying body on the side of the road.
Hopefully, activist investor Nelson Peltz, will ultimately come in and clean up the unprincipled trash, and replace it with genuine business talent, not faked PR "talent" or Diversity-mandated quota selections.
The dumping of Holliday from the Chairmanship of Bank of America Corp must be keenly embarrassing to the Chadophiles out there, not to mention the high-priced IMAGE fabricators in Fortress Wilmington!
Correct. Ms. Kullman dumped another 86K of DD shares on Sept. 24, 2014 with a value of $6.2 million. Maybe she and her Company-paid financial advisors believe the top is in at around 72..
Bottom-line, Ms. Kullman and her former boss and mentor, Chad O. Holliday, Jr. over 16 years larded themselves with fantastic personal fortunes in pay and perks, while shrinking and sinking this one-time great chemical enterprise with devastating results for regular DuPont employees and DD shareholders.
At DuPont, it's compensation for no competence.
The Sunday Size-Up. BASF reigns as the Über Chemical Enterprise on the Globe
Good Morning, Bonjour, Guten Tag, Buon Giorno,
Fellow Investors, BASF's robust growth and incline to the number one position on the globe in chemicals is as remarkable as the deterioration and decline of the DuPont Company. E. I. du Pont de Nemours and Company was the most powerful and prestigious and largest chemical enterprise in the world for practically all of the 20th century. Then, under the weight of an outstandingly mediocre and misfiring Management, DuPont sank quickly to number 10 by the year 2008 amongst global chemical corporations in revenues.
While the executive leaders of DuPont proclaim they cannot make decent money in running chemical and material operations, dumping one product line and business segment after another, BASF's superior management has focussed intensely on chemicals, basic, intermediate, and specialty, and serving its growing ranks of customers. BASF's results are impressive.
In the meantime, DuPont's "Chair" & CEO, Ellen J. Kullman has literally bet the farm on the farm, concentrating on the agricultural arena. But even here, DuPont is a noticeable laggard, chasing futilely after Monsanto in the biotechnology and production of seeds, and running way behind Syngenta and BASF in sales of crop protection/ag chemicals.
With a nod to Lee Iacocco,
"If you can find a better chemical company, buy it!"
Merely the perspective of one individual retail investor, long DOW, MON, SYT, and EMN, short DD, and anticipating taking a position in BASFY in the near future…funfun..
Example of the Fumbling and Stumbling of DuPont "Leaders"
Good Morning, Bonjour, Guten Tag, Buon Giorno, Buenos Dias,
Readers, according to Bloomberg this morning, Oct. 8, 2014, Nelson Peltz has zeroed in on DuPont's over-touted cellulosic ethanol plant in Nevada, Iowa as an example of "speculative and expensive corporate science projects" that have destroyed value for the Company's shareholders.
Exceptionally astute investor Nelson Peltz is absolutely correct about the obese overhead and muddled management of this once-largest and most prestigious chemical and materials enterprise on the globe for practically all of the last century,
Whom do the fakers in Fortress Wilmington think they are fooling? DuPont's cockamamie Corn Cob "Gasoline" (bad mileaget ethanol) is environmentally destructive and economically disadvantaged. DD shareholders are likely never to see a dime of profit from this bio-foolish scheme of DuPont executives, when all the costs are properly apportioned and allocated. A $billion blunder? Another DuPont Imprelis, a $2 billion bomb?
The deteriorating DuPont is in dire need of Alan Mulally-type outsider or Meg Whitman-type outsider with fresh ideas, integrity, and extraordinary leadership skills to run this diminished DuPont.
Merely the morning commentary and opinion of one individual investor and long-time student of DuPont in decline. ...funfun.
Folks, you have seen it time and time again: remarkably stupid hecklers with personal family and vocational ties to DuPont initiating vicious ad hominem attacks on any investor daring to question the quality and performance of DuPont "leadership" in the 21st century.
Well, if you love having no pension, medical benefits reduced to not much of anything, having your job on the line, waiting for the next redundancy, earning candy shoppe wages and no raises, then DuPont is the employer for you! If you think Chad O. Holliday, Jr and Ellen J. Kullman, the destructive duo who dominated and diminished DuPont for the entire 21st century to date are great visionary business leaders, the finest and most ethical, then DuPont is the Company for you.
donkey, a great insightful analysis.
For the past two decades, Management's mandated "Diversity" model, old-fashioned affirmative action, has served DD shareholders extremely poorly. Tossing merit out the window and hiring and promoting on the basis of gender and colour preferences kills incentive and divides individual women and men. People go through the motions and simply do not bother to give their best under a merit-free system.
Wow, folks, this hostile heckler and sub-educated illiterate keeps up the outright LIE put out by the DuPont Management camp followers the undersigned was fired by DuPont. How desperate are these brown-nosing shills and supporters for DuPont Management to shut down open and candid discussion and suppress any dissent? That is a sure sign something is really amiss in this declining conglomerate. Investors beware and be wary.
Interview with FOX NEWS Discloses Mislabeling of Hundreds of Chemicals, Shoddy SAFETY Standards and Management Evasion
Good Morning, Bonjour, Guten Tag,
Folks, we have written about evidence of SHAM SAFETY at DuPont's run-down, ill-maintained plants for years and the real dangers to regular DuPont workers. In the past day, an ex-lab technician who worked at La Porte has come forth on FOX NEWS and spilled the beans:
* La Porte was an accident waiting to happen.
* She witnesses hundreds of chemicals, many of them highly dangerous, mislabeled and mishandled. She takes forbidden pictures.
* Shoddy SAFETY standards, or non-compliance with SAFETY standards.
* When she communicates her concerns to corporate headquarters, she is rebuffed and an evasive and truculent Management shuts her down!
Sound familiar? It sounds like Jack Seddon redux. Jack, a veteran DuPonter was the whistleblower at the DuPont Chambers of Horror Works in Deep Water, New Jersey who was punished and harassed by an evil DuPont Management for daring to share his concerns about a corroded phosgene tank he believed constituted a horrible potential danger to himself, his fellow workers, and people in surrounding neighbourhoods. He ultimately won his case and justice was served against DuPont at the New Jersey Supreme Court.
At DuPont, real SAFETY apparently costs too much; hence, SHAM SAFETY will do.
Merely the morning commentary of one individual investor and long-time student of the ethically crippled DuPont Company...funfun..
Readers & Investors, many of the most abusive hecklers on this Yahoo! Finance Board for DuPont over many months have openly disclosed and bragged about their vocational ties and personal ties to this corrupt conglomerate based in Delaware, such as the vindictive cyberbully with the I. D. "notthatblind" who boasted time and time again of her employment in DuPont AG.
When you see the systematic rubbish and defamatory personal attacks launched by these shills and supporters of DuPont Management against independently-speaking investors, you can easily see why this shrinking conglomerate is in such deep intractable trouble.
The gross misconduct of these avowed DuPont employees and advocates for DuPont Management is a big waving RED FLAG for investors! Ms. Kullman, DuPont CEO ,and her "leadership" TEAM should be keenly embarrassed.
Folks, obviously this illiterate stooge for DuPont Management has insurmountable difficulty in comprehending english, discerning the difference between a reference to the Company and a reference to its stock. Both have been in decline over the past 16 years. Under the crushing weight of an inept and inbred duo of "leaders", Holliday/Kullman, the stock has never regained its peak of 84 set in May 1998. And the Company itself has been shrinking continually over the years, with one mismanaged business after another being jettisoned, and tens of thousands of DuPont jobs gone and pensions disappearing.
Nothing stirs up these patently uneducated loyalists for DuPont Management than someone thoughtfully questioning the quality and performance of DuPont executives. All these shills can do is fire off third-grade insults.
Folks, reading through this Yahoo! Finance Board for DD for the past two or three weeks, you cannot help but come to the conclusion the DuPont organisation is chock full of pure trash and dishonest operators. How do you know? Many of these hostile hecklers systematically launching vile personal attacks against investors daring to question the quality and performance of DuPont Management have openly disclosed, indeed bragged about vocational and personal/family ties to this Company over the years. Speak volumes, and Investors should take WARNING! What are they frantically trying to hide from Nelson Peltz and regular DD shareholders??
Another Tragic Toxic Accident Killing Unsuspecting DuPont Workers
THE WEAK IN REVIEW
Good Evening, Bonsoir, Guten Abend,
It's happened again, folks, more deaths and critical injuries at a place where DuPont's PR-driven Management touts "Safety is a Core Value". This time in La Porte, Texas where four hapless DuPont workers were struck down dead and a fifth critically injured from a deadly toxic leak on the site.
Recall only three years ago, when three serious toxic leaks occurred in a single week at the run-down, Management cost-slashed Belle, West Virginia chemical factory. There a hapless DuPont veteran died agonisingly when a visibly worn and frayed flex hose in use way past its service life (presumably to save money) suddenly burst showering the victim with deadly phosgene.
OSHA over the years has repeatedly cited DuPont for a multitude of gross violations of rules and regulations, including insufficient training, shabby unsafe practices, and cooking the books on worker injuries and illnesses. Apparently at DuPont, genuine "SAFETY" costs too much money, so SHAM SAFETY will do, and it saves big bucks.
What a disgusting, unethical operation this degraded DuPont Company has become. And that is not good for DD shareholders, is it? You know that $50 million platinum parachute, Ms. Kullman, DuPont Chieftess has planned for herself if she loses her job, would buy a lot of safety training and equipment.
Merely THE WEAK IN REVIEW digitally penned by one individual investor and long-time student of DuPont in decline. ...funfun..
Oh, one more thing, PSYCHO, the ultimate apologist and advocate for DuPont Management doesn't tell you, folks: The DuPont Manager in this tragic hit and run was ON THE WRONG SIDE OF THE ROAD at the moment he mowed down Phillip Bishop, a 27-year old aspiring teacher. Like it not, we have observed over the years this disreputable Company is chock full of ethically crippled Managers and executives embracing a sick corporate culture of law-breaking and accountability dodging.
We agree with tliuall.
DuPont CEO Ellen J. Kullman renown for her tree-killing DuPont Imprelis, and her teacher and predecessor, Chad O. Holliday, Jr, have escaped accountability by dominating the Derelict Directors of the DuPont Board, rubber-stamping every wish. Ms. Kullman and Holliday as CEO reported to themselves as "Chair" and Chairman respectively of the very Board assessing performance and dishing out a huge fortune in pay and perks. Corrupt corporate governance, detrimental to the interests of DD shareholders. ...funfun..
PSYCHO, as a loyal shill for DuPont Management whose father was a member of DuPont Management, you parrot the insidiously evasive DuPont executive mindset: BLAME the victim and completely ignore the charge of criminal negligence in fleeing the scene and leaving the bicyclist dying on the roadside! What a sick corporate culture, indeed.