Gun Company Killed

From the NY Times:

How America’s
Oldest Gun
Maker Went
Bankrupt: A
Financial
Engineering Mystery

When a secretive private equity
firm bought Remington, sales
were strong and the future
bright. A decade later, the
company couldn’t escape its debts.

While I was in Huntsville, Remington employees told me that if they spoke to me for this article, they would be fired. One woman, a line worker, told me over the phone: “These people, they have ways of finding out if you talked. I talk to you, no ifs, ands or buts, I’m gone. It makes us feel they have something to hide. But we keep our mouths shut. Clock in, clock out.”

The full story is HERE.