I question if the Navistar management is any better even today.
dumb dumb moving from the old Harvester works in Fort Wayne to CHicago. that move is costing the stock holders every day because of the higher experiences associated with Chicago versus Ft Wayne.
Navistar guys make big $. when then 1st announced they were closing Ft Wayne and move to Chicago alot of engineers started looking. We were hiring and interviewed a couple. they were easily making 2X what we were paying (which was a little low but not 2X).
i've also heard the Chicago office has a revolving door for employees.
on a similar topic of poor corporate management. look at DuPont. pretty much nothing left due to managers. GM will very likely fail again. nothings changed from the bailout. Oliver/White is a similar story in White truck management not taking care of the ag side, and in the long run the truck side either. many others too.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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