Comment by ltbarcly3
5 hours ago
> When we took over the company in 2017…
It was bought out by employees in 2017 and it seems like they weren't able to manage it successfully. The two that acquired it were well over 70 when they did so, so I guess this isn't very surprising. From the article it sounds like they spent a lot of money trying to 'modernize' the business, which sounds a lot like they brought in management that was more interested in 'doing management. than making money.
> they brought in management that was more interested in 'doing management. than making money.
Boy it'd be tragic if these guys felt like they were over their heads, decided to "hire some experts" and ended up with MBAs.