|
Posts: 600
Location: Midwest
Joined: October 22, 2004
|
A copy of The Evening News from 9/26/95. Maybe history DOES repeat itself: "Rebounding from an intense price decline yesterday, Harry's Markets (NASDAQ:HARY) rose $1 3/4 to close at $5 1/2 today. It appears that founder Harry Blazer, who relinquished the President and CEO spots on August 30th, has reasserted himself in both positions as of yesterday, ousting four of the five other Board of Directors members in the process. Home Depot President Arthur Blank was one of the victims of Harry's hellbent-for-vengeance purge. Blazer never relinquished the Chairman position, so he was the only Board member who was not ousted yesterday. Harry's (the store) has been plagued by high costs and heavy competition as it fights for its share of the Atlanta grocery market, with four farmers markets and two prepared stores in its corporate empire. Analysts, who had believed that Harry's departure was going to return some stability to the company, think that the turnaround may now take longer than anticipated." Enuf said. Source: (page down twice)
|
