One comical point, fan_of_funfun,
Some reputation agent or PR operative must have complained about our use of the word, #$%$ and Yahoo! CENSORED it. Such ludicrous hypersensitivity.
Since the bumbling #$%$ CEO from Nashville, Chad O. Holliday, Jr., purged the venerable 104- year old DuPont Pension Plan in 2006, DuPont Management has made the Company the industry leader in takeaways. Those takeaways include health and insurance benefits, wage increases, forced "voluntary" work without pay, and jobs themselves by the thousands.
The regular DuPont worker who moils and toils on the line, in the noise and toxic fumes of run-down unsafe factories or in the cardboard-like cubicles is viewed by the patrician occupants of the senior executive suites of DuPont as little more than a raw material input, to be used up and discarded like paper towels or duct tape.
Such is the DeHumanised Resources of the 21st century DuPont. No wonder DuPont conspicuously lacks the incentivised scientific and managerial capital to innovate and grow and make big money.
Only January, But DuPont Mgmt Prepares Investors For Their Sick Performance Ahead
Good Morning, Bonjour, Guten Tag,
Folks, our takeaway from all the PR gobbledegook from Fortress Wilmington this morning:
The bumbling bosses of DuPont proclaim full year 2015 will be a miss. And it is only January. Nothing succeeds like failure at DuPont.
In the meantime, who is minding the store? An increasingly hostile and haggard Ms. Kullman and her under-performing under-bosses are busy fighting off Nelson Peltz and saving their extremely lucrative jobs. Concomitantly, DuPont's superior-managed competitors, such as 3M Corp, Monsanto, BASF, Syngenta, Dow Chemical, Novozmes, continue to widen the gap with the lagging, lumbering DuPont.
Merely the morning commentary of one individual investor and long-time student of this crumbling conglomerate inbred and isolated in the dwarf state of Delaware...funfun..
Significantly declining sales off 5% to $7.38 billion in Q4 2014 re-confirm the shrinkage and intractable weakness in this long mismanaged conglomerate. Moreover, there simply are not any high-profit new blockbuster products to pump up sales. ....funfun..
DD Shareholders, If the value of each of toxic Teflon chemical claim works out conservatively to be on average $2 million, we are talking about a total collective SHAMours liability of more than $5 billion! And $5 billion is enough red ink to wipe out the projected equity of SHAMours. Then the plaintiffs will seek relief from the shrunken DuPont Company.
Think about it.
REFERENCE: "DuPont Poisons Water for 50 Years. Interview with Mike Papantonia".
Investors should catch the eye-opening interview published on YouTube, Jan. 14, 2015. You can find it by GOOGLING, "Papantonio dupont poisons water".
No wonder DuPont's sneaky Management is desperate to spin off chemicals and the massive exposure to legal liabilities, not the least of which is 2545 lawsuits brought by gravely ill plaintiffs or their survivors claiming deathly harm from DuPont's insidiously toxic, cancer-causing Teflon chemical C8. Frankly and personally we see Chemours, pronounced SHAMours, going insolvent within the intermediate future.
Folks, we bet none of the timid Wall Street analysts and obsequious bank toadies dares to bring up this unsavory subject today in the DuPont Earnings Conference Call, Q4, 2014 with Ms. Kullman et al. Keep investors deeply in the dark, you know.
An insightful reference indeed!
DuPont's dirty Management has essentially been running a criminal syndicate for the past half-century, knowingly poisoning the water supply for 100,000 women, men and children in Ohio and West Virginia with their extraordinarily toxic Teflon chemical C8, also known as PFOA. The ethically crippled executives of DuPont paid huge personal fortunes in pay and perks truly believe they and the corrupt Company they direct are above the laws of the land! We don't believe Nelson Peltz fully understands the depths of depravity and the massive legal liabilities lurking within this corrupt conglomerate.
fan of funfun, the abusive threats and vindictive personal attacks systematically launched from the heckler, who repeatedly identified herself as a bonus-paid employee of DuPont, working for DuPont AG Management may have begun to backfire. We attribute the restraint on her defamatory cyber-harassment to the new DuPont public relations head hired last spring from outside. This sort of unethical PR damage control conducted by DuPont Managers and employees and agents may have been too much for the new leadership to stomach.
Moreover, the hostile heckler "notthatlblind" may well have drawn complaints from Monsanto because of the dirty and false allegations she made publicly over the internet against DuPont's superior-performing competitor. ...funfun..
There has not been anyone with any superlative business sense or leadership quality in the DuPont CEO position for nearly two decades. And it shows!
Current DuPont Chieftess, Ellen J. Cull-Men, is an embarrassing product of DuPont Management's mandated Diversity Model, which tosses merit out the window in favour of decisive preferences by gender or colour. This old-fashioned affirmative action, 1970's style, has been an unmitigated disaster for long-term owners of DD shares.
More over-powering evidence that DuPont's dirty-playing, corrupt Management has been gassing its regular DuPont workers and hapless plant neighbours for years, not unlikely at a terrible cumulative toll to their health and longevity.
"DuPont SHAM SAFETY, Exhibit 1, your Honour."
Nelson Peltz does not appear to appreciate fully just how God-awful bad and deteriorated this shrinking conglomerate really is! Nor the colossal proportions of latent legal liabilities and massive costs for remediation.
crispa, always enjoy your detailed insights and wit. This inside scope from intelligent writers such as you is very helpful to investors. The decay of this rotten-to-the-core conglomerate is accelerating. ...funfun..
Folks, as you can see below, the sleaze-bags shilling for DuPont Management continue their personal harassment with further legal threats, anything to silence the undersigned and avoid any embarrassment for those on high.
For the record, we have never been "fired", terminated, laid-off or forced to quit the DuPont Company. These sleazy shills are deploying the old PR trick of accusing independent writers of being "disgruntled fired ex-employees" in their desperation to shut us down and shut us up.
Hapless Regular DuPont Workers & Lower-Level Managers Dumped from DuPont With Chemicals Spin-off May Face the Consequences of Insolvency!
Good Morning, Bonjour, Guten Tag, Buenos Dias,
Readers, We have adverted earlier to what we believe is a realistic probability that Chemours laden with staggering costs of remediation and legal liabilities, including 2545 individual lawsuits involving the bodily contamination of DuPont's extraordinarily toxic, cancer-causing Teflon chemical, C8 or PFOA, could go bankrupt. Where does that leave hapless regular DuPont employees and lower-level Managers?
* Redundancies. Look for the payrolls to be slashed and DuPonters shoved out the door with little or no warning.
* Endangered pension and other employee/retiree benefits may be reduced or disappear altogether.
* Cost-slashed chemical factories coupled with Management's SHAM SAFETY could make working for DuPont even more dangerous.
In summary, SHAMours does not appear to be a rosy future for thousands of regular DuPonters, with morale and incentive about to sink even deeper.
Merely, of course, the speculative opinion of one individual investor and long-time student of the decaying DuPont in decline...funfun..
Continuing Cyberharassment by the unethical trash in the DuPont Management camp.
Investors, any corporation whose dirty-playing supporters and Management surrogates cannot allow open discussion and critical scrutiny without launching threats of lawsuits and constant personal harassment is one sick organisation, concealing huge negatives! Watch out!
Wow, folks, the trash in the DuPont Management camp is once again threatening us with financially crippling libel action or defamation action. Goes to show you just how corrupt and sleazy this decayed conglomerate has become. Some of those threatening libel in the past have openly identified themselves over the internet as DuPont employees working for DuPont! And we all know that in the highly controlled DuPont hierarchy, no employee speaks out publicly on DuPont matters in the media without at least the tacit, if not explicit approval of DuPont Management!
Even one or two of the little known lawyers from little known schools in DuPont LEGAL must know from their classroom instruction that TRUTH is always a solid defence to false charges of libel.
Folks, we must have hit the nail on the head with the dark manoeuvres of SHAMours. The abusive trash in the hypersensitive DuPont Management camp has launched a vindictive homophobic personal attack to distract your attention from the subject on hand, namely is Nelson Peltz and recent DD shareholders buying a pig in a poke? ...funfun..
Is DuPont Management off-loading DuPont's legal liabilities onto a vehicle which will soon run off the road and burn? It is not likely that plaintiffs' counsel will allow Chemours and DuPont to escape liability for judgements and settlements and remediation via insolvency and bankruptcy of Chemours.
Merely the speculative opinion of one individual investor and long-time student of the deteriorating DuPont in decline…funfun..
DISCLOSURE: We have a short position in DD.
Is a Sneaky DuPont Management Packaging Towering Liabilities Into Its Chemicals Spin-Off to DD Shareholders? SHAMours?
Fellow Investors, we waded through the SEC Form 10 for Chemours which DuPont Management quietly filed during the holidays when they probably hoped no one was paying much attention. Our take on the 139 page document…
* It reads more like advertising copy with much hype and hokum ("world-class" this and "world-class" that) than a legal filing.
* Conservatively it seems to us at least $1 billion beyond current modest accruals, may be needed to bring DuPont's run-down, severely cost-slashed plants and facilities up to speed to cure safety and environmental problems and violations, as well as extensive environmental remediation. Impacted sites include Pompton Lakes, New Jersey, Edge Water, Delaware, and the notorious Chambers of Horror Works, Deepwater, New Jersey on the other side of the Delaware Memorial Bridge, I-95.
* Over 2455 lawsuits over asbestos exposure are pending.
* For over two decades, DuPont Management callously and covertly contaminated the drinking water supplies of 100,000 unsuspecting women, men, and children in Ohio and West Virginia. The contaminant? DuPont's insidiously toxic, cancer-causing Teflon chemical, PFOA, also known as C8. As a result of a class action settlement, DuPont now faces over 2,500 individual lawsuits, 2,545 to be exact, brought by gravely ill plaintiffs or their survivors. Let's assume these cases will be settled on average for $1 million a piece (some cases dismissed; others settled for more than $1 million). That is a whopping $2.5 billion potential liability.
* Chemours will have equity projected at $3.9 billion after separation. DuPont currently has equity of $15.9 billion as of Sept. 30, 2014.
Chemours' simmering legal and environmental liabilities in our speculative opinion could facilely eat up its entire net capital. Is DuPont Management off-loading DuPont's legal liabilities [TO BE CONTINUED]
Fishkill, with these vindictive look-alike posts from an imposter shilling for DuPont Management, you can readily get a good idea as to why the once great DuPont Company has deteriorated so rapidly in the 21st century. It has as much toxic trash in its hierarchical organisation as the Company has in its hazardous waste dumps!
Fellow Investors & BAC Shareholders,
In this single thread you can see the sleaze and dirty-play of shills for DuPont Management, systematically cyber-harassing anyone who dares question the quality and performance of the erstwhile Chairman of the Board of Directors of Bank of America Corp.
Why in the world did the Bank select Chad O. Holliday, Jr., the ex-uber boss of the corrupt and ethically crippled DuPont Company in serious decline? A glad-hander from Nashville with no banking experience and no earned graduate degrees beyond a generic "industrial engineering" degree from the University of Tennessee (per his official DuPont Company biography)? Was Holliday supposed to be some sort of figurehead, a non-thinking puppet for Bank of America Senior Management?