Being in the finance department, I saw and knew more of the truth of what was going on rather than having to depend on the rumors that swirled. It wasn’t just MatlinPatterson that came calling. I remember more than one “investor group” sending in their army to do due diligence, I just can’t remember now who they were. I do recall doing my own research on MP and coming to the realization that they would not be an investor who would tolerate bottom line red ink for long. Most of our directors told us little to nothing, or at least that was the case with the director of my area. A few had the decency to warn their departments to pack their desks ahead of time and be prepared for the worst.
Nevertheless, the day it actually happened was a shock to all of us.
There isn’t much to say that hasn’t been said already. One thing, though…to this day, I have yet to hear of any company who inspires the kind of loyalty, longing, sadness, outright emotion that this company did in its employees. I don’t know what the magic was, but if I were a business owner, I’d aspire to that. Working there was maddening, fun, frustrating, tumultuous, exhausting, exciting, and made you half crazy. I don’t know how you’d go about creating an environment like that. Was it the people or the industry, both, or something else?
I think I can say that we’re all still looking for it.
Someplace we can call home, someplace we want to stay.


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