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Re: IH's demise. . . McCardell's strike
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Posted by Red Dave on April 07, 2004 at 05:23:08 from (24.104.94.34):
In Reply to: IH's demise. . . McCardell's strike posted by Mike on April 06, 2004 at 22:45:50:
It may have helped some, but there was no one single factor that put IH under. Labor trouble was only one of them. The high interest rates of the late '70's & early '80's made it hard to finance new equipment, low commodity prices, at least partly caused by Carter stopping grain shipments to Russia, put the squeeze on farmers, the overall economy was down too. And then there was the famously clueless IH management too. There is a book called "A Corporate Tragedy" by Barbara Marsh that spells it out pretty well.
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