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April 12, 2007
Sorry, Maintenance Staff Sold Dow Chemical Earlier Today
Funny/harrowing story out today about two Dow Chemical people who allegedly tried to sell the company without permission. One was a former CFO and current board member, and the other was a vice president. Dow Chemical says they were "involved in unauthorized discussions with third parties about the potential acquisition of the company".You have to love it. But where does it stop? Tellers selling Citi because they don't like the current restructuring? Maintenance people at Exxon selling the place over unhappiness with icky oil smells? I can't wait.
More here and here.
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authority .. what a typo :-(
I'm in serious negotiations about the sale of Infectious Greed for a 7-digit amount, but I'm afraid I acted without autority, so I hereby abandon my efforts :-)