Tapsearch Com EditorThe untold story behind the Goodyear take over bid
December 8th 2011 00:45
Bizarre Politics Reports:
A corporate raider who no one could stop in the taking over a giant corporation suddenly change his mind about doing.Sir James Goldsmith did it in the take over attempt of Goodyear in 1986
Recently, the Plain Dealer, the largest newspaper in Ohio USA, did a story about the take over attempt of Goodyear by Sir James Goldsmith. Just when no one could stop him, he changed his mind. The reason for his changing his mind was not given but future events told gave the explanation. The first reporting gave this story....
Goldsmith Drops Goodyear Bid, Will Sell Back His Stock
November 21, 1986|DENISE GELLENE | Times Staff Writer
British financier Sir James Goldsmith on Thursday withdrew his controversial $4.7-billion takeover bid for Goodyear Tire & Rubber Co. and agreed to sell his 11.5% stake back to the company for about $630 million.
The agreement ends an intense battle for the nation's leading tire maker that became the focus of a congressional hearing earlier this week, and of anti-takeover legislation in Ohio, Goodyear's home state.
Here is our story, published on The Plain Dealer online pages.
It is our story with another story inside of it that all in the Occupy Wall Street movement should read and apply.
Letters
Goodyear's would-be-raider had a conversion of consience and economic epiphany
Published: Friday, Dec 3, 2011
Stuart Warner,( the writer) left out a major part in the Goodyear story (Sunday). Sir James Goldsmith had a conversion of conscience experience during the attempt to take over Goodyear, or soon after.
He changed to a person who fought for the underclass the rest of his life. He wrote the book "The Trap," which centers on the priorities in society surrounding the dignity of work and workers. He told how we have forgotten the purpose of the economy, which is to enrich and create a stable society. He said deflating the value of labor was a bad mistake. He was against free trade and international organizations like the World Trade Organization, which conducted business in secret and sought to control the flow of wealth throughout the world. He was against industrial and transnational agricultural corporations that devastated farming communities. He told about the "inversion of value," where instead of measuring the well-being of mankind and the social stability of society, we are pressing for economies that cause such things as urban slums and environmental decay. He spoke in front of the U.S. Senate in 1994 against free trade and GATT. He said it would create massive unemployment in the United States. He said lower-skilled workers would be treated as disposable commodities. He was very concerned about the fact that 4 billion people will work for close to nothing. "The Trap," actually predicted the economic crisis as it is today.
Goldsmith created a populist movement in England and France and started a new political party in England to fight against free trade and the globalists. He was not for protectionism but for a sane economy that set the priorities in a society. He ran for high office in England with this as his platform. If he had lived longer, the world would have been a much better place and we would have escaped some of the economic horrors of our times.
Being involved with the tire industrial community for many years, I experienced the fall of it from the real world of the streets. I was a national accounts manager for Firestone, where an annual blanket purchase order was completed with a hand shake at a lunch paid for by the purchasing agent. I also was a trouble shooter supplier for General Tire for more than 10 years. I also called on Goodyear for many years and all the other rubber companies in Akron. These companies lost the war with free trade and the global race to nowhere. It was not about ordinary financial concerns or streamlining operations. It came down to the betrayal of workers and the real free enterprise system.
Corporate raiding was and is part of it.
Ray Tapajna, Cleveland
If only our leaders had the same conversion experience, there would be no Occupy Wall Street movement nor the suffering of so many good people in our times.
See more at Occupy All Streets - All need an economic conversion of conscience
The Sacrilege - Walmart built in grave yard of steel industry at city surrenders to free trade
We need to import the message to philosophy and religion too and why it took so many years to surface. We should have heard about it in our churches and universities.
Goldsmith Drops Goodyear Bid, Will Sell Back His Stock
November 21, 1986|DENISE GELLENE | Times Staff Writer
British financier Sir James Goldsmith on Thursday withdrew his controversial $4.7-billion takeover bid for Goodyear Tire & Rubber Co. and agreed to sell his 11.5% stake back to the company for about $630 million.
The agreement ends an intense battle for the nation's leading tire maker that became the focus of a congressional hearing earlier this week, and of anti-takeover legislation in Ohio, Goodyear's home state.
Who can untangle the terror that free trade and globalization have bred
Here is our story, published on The Plain Dealer online pages.
It is our story with another story inside of it that all in the Occupy Wall Street movement should read and apply.
Letters
Goodyear's would-be-raider had a conversion of consience and economic epiphany
Published: Friday, Dec 3, 2011
Stuart Warner,( the writer) left out a major part in the Goodyear story (Sunday). Sir James Goldsmith had a conversion of conscience experience during the attempt to take over Goodyear, or soon after.
He changed to a person who fought for the underclass the rest of his life. He wrote the book "The Trap," which centers on the priorities in society surrounding the dignity of work and workers. He told how we have forgotten the purpose of the economy, which is to enrich and create a stable society. He said deflating the value of labor was a bad mistake. He was against free trade and international organizations like the World Trade Organization, which conducted business in secret and sought to control the flow of wealth throughout the world. He was against industrial and transnational agricultural corporations that devastated farming communities. He told about the "inversion of value," where instead of measuring the well-being of mankind and the social stability of society, we are pressing for economies that cause such things as urban slums and environmental decay. He spoke in front of the U.S. Senate in 1994 against free trade and GATT. He said it would create massive unemployment in the United States. He said lower-skilled workers would be treated as disposable commodities. He was very concerned about the fact that 4 billion people will work for close to nothing. "The Trap," actually predicted the economic crisis as it is today.
Goldsmith created a populist movement in England and France and started a new political party in England to fight against free trade and the globalists. He was not for protectionism but for a sane economy that set the priorities in a society. He ran for high office in England with this as his platform. If he had lived longer, the world would have been a much better place and we would have escaped some of the economic horrors of our times.
Being involved with the tire industrial community for many years, I experienced the fall of it from the real world of the streets. I was a national accounts manager for Firestone, where an annual blanket purchase order was completed with a hand shake at a lunch paid for by the purchasing agent. I also was a trouble shooter supplier for General Tire for more than 10 years. I also called on Goodyear for many years and all the other rubber companies in Akron. These companies lost the war with free trade and the global race to nowhere. It was not about ordinary financial concerns or streamlining operations. It came down to the betrayal of workers and the real free enterprise system.
Corporate raiding was and is part of it.
Ray Tapajna, Cleveland
If only our leaders had the same conversion experience, there would be no Occupy Wall Street movement nor the suffering of so many good people in our times.
See more at Occupy All Streets - All need an economic conversion of conscience
The Sacrilege - Walmart built in grave yard of steel industry at city surrenders to free trade
We need to import the message to philosophy and religion too and why it took so many years to surface. We should have heard about it in our churches and universities.
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