Reply by EEngineer

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Posted on Are Porter Cable Tools Doomed?

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1101 posts in 3579 days

#1 posted 02-22-2013 07:09 PM

…but the downfall of brands comes from us, the consumer for criticisms of cost like you just made. 20 years ago, I bought…

Yeah, but 20 years ago, you weren’t paying for this:

John F. Lundgren, CEO of Stanley, Black & Decker, which owns such brands as DeWalt and Porter-Cable and recently sold off the Delta Machinery brand. According to an analysis by S&P CapitalIQ of company proxy statements, Lundgren was paid total annual compensation of $32.7 million…

Rather than spending money on design or quality, all US companies are spending it on CEO’s now!

-- "Find out what you cannot do and then go do it!"

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