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Subject: Final Round of Layoffs for "Chainsaw Al" Dunlap
Written By: LyricBoy on 01/27/19 at 8:18 am
Legendary corporate turnaround artist Al Dunlap, also known by his nicknames "Chainsaw Al" and "Rambo in Pinstripes" has passed away at the age of 81. :\'(
https://www.ocala.com/news/20190126/al-dunlap-retired-executive-and-philanthropist-dies-at-81
Al gained his "Chainsaw" moniker due to his penchant for taking over struggling companies and turning them around to success by whacking the size of the workforce, big time.
Dubiously diagnosed as a sociopath, Chainsaw took once-failing Scott Paper and turned it around, and earned a hefty $100MM for his services. 8)
Al felt that too many executives these days are more concerned with being liked than making money for their companies. His motto was "If you want to be liked, get a dog." A boss of mine in the late 90's had a plaque behind his desk with this quotation. ;D
However later on, he took over the Sunbeam company and apparently they started to "cook the books", a practice upon which the Securities and Exchange Commission frowns. Ultimately he was banned from being an officer in any publically traded company. The Chainsaw was out of gas.