Word: sigler
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Dates: during 1980-1989
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...sell during a raid, in order to gain a quick profit. They are also readier to hear arguments that focus on the value of corporations when broken into component assets rather than on their worth as ongoing enterprises. A poignant rendition of the managerial plight comes from Andrew Sigler, chairman of Stamford, Conn.-based Champion International, a $5 billion wood-products firm. Some 80% of Champion's stock is now held by institutions, Sigler believes. Says he: "The owners of our stocks come and go within hours. There is no one out there anymore who cares about our company...