|
^^^
There is so much of that happening. I've mentioned a book here before that I highly recommend if you want to see a true-life description of the gutting and destruction of a legacy company and the town that depended on it - "Glass House" by Brian Alexander.
Anchor-Hocking was established in 1905 and its destruction began in 1965 when it fell victim to a series of "growth by acquisition" companies that didn't care what products their acquired companies made, as long as the could be milked for profit. Anchor-Hocking was the primary employer in Lancaster, Ohio, and when the venture capitalists finished off the company it killed the town too.
It's a tragic story, truly heartbreaking what the vultures did to the people of that town.
__________________
.
|