Wednesday, January 22, 2014

Warren Buffett Has a 29-Year Old Hatchet Woman

Bloomberg writes:
In 2012, she delivered messages for Buffett, firing Steve McKenzie, who helped sell Larson-Juhl to Berkshire about a decade earlier and was working to stem profit declines. She also ousted Benjamin Moore’s Denis Abrams, a 17-year veteran of the paint company who had disagreed with Buffett on strategy.

The changes shocked staff, according to former employees. The new CEOs and the cuts that followed were even more startling at companies that previously had a more collegial atmosphere, these people said.

At Larson-Juhl, Cool brought in her former business school classmate, Drew Van Pelt. He soon fired three senior executives and demoted others to help turn around the business, a former employee said.

Read the full fascinating story of Tracy Britt Cool, here.

1 comment:

  1. so he's great at self promotion but pisses his pants when it comes to getting rid