Tom Corbett, chairman and CEO of Alliant said, the transaction “will enable Alliant to remain independent and maintain its market leading position.”
What an about face over time. When he spoke to the firm years ago, his goal along the executive team was to be a owned by a publically traded firm within three years. That was in 2005. Hmmm, no takers on publically traded side, I wonder why? This guy is a joke.
This firm has no morale fiber, they’ve been bought and sold too many times under capital management firms, etc. Zero direction, with an eye on their wallet and that’s it.
“with an eye on their wallet” is what a business person is supposed to do, isn’t it.
The purpose of being in business is to maximize return on investment. The CEO is supposed to operate with that in mind and the Board is supposed to monitor that on behalf of the shareholders. Well the CEO and management are about 45% of the shareholders. So Corbett and management are supposed to look out for themselves and do any and everything that makes more money for them or supports the safety of their investments and jobs.
Maybe they do have an eye on becoming KKRs in-house broker. That would be a great coup after setting up themselves with Blackstone’s Portfolio companies etc. Could be a stroke of genius.
Hmmm. I wonder if Alliant will become KKR’s in-house broker? Very interesting…
That was not the case when KKR bought Willis, in fact they were very “arms length” about the whole thing.
Tom Corbett, chairman and CEO of Alliant said, the transaction “will enable Alliant to remain independent and maintain its market leading position.”
What an about face over time. When he spoke to the firm years ago, his goal along the executive team was to be a owned by a publically traded firm within three years. That was in 2005. Hmmm, no takers on publically traded side, I wonder why? This guy is a joke.
This firm has no morale fiber, they’ve been bought and sold too many times under capital management firms, etc. Zero direction, with an eye on their wallet and that’s it.
“with an eye on their wallet” is what a business person is supposed to do, isn’t it.
The purpose of being in business is to maximize return on investment. The CEO is supposed to operate with that in mind and the Board is supposed to monitor that on behalf of the shareholders. Well the CEO and management are about 45% of the shareholders. So Corbett and management are supposed to look out for themselves and do any and everything that makes more money for them or supports the safety of their investments and jobs.
Maybe they do have an eye on becoming KKRs in-house broker. That would be a great coup after setting up themselves with Blackstone’s Portfolio companies etc. Could be a stroke of genius.
What else do you want them to do??