AMA could learn a lot from the Quinns who turned around Darrell Lee and now bought Sara Lee.
“We have been shackled … across the last two years,” said CEO Mackaness. “We had an ownership structure who borrowed a significant amount of debt to buy the business, so instead of investing in innovation, we were paying interest to banks in an interest rate-rising market.”
Having banks telling you what to do when their real only interest is loading you with debt so they can bleed a business dry is the worst thing.
I would rather no dividend and get the parasites down to a level where covenants aren't the CEOs worry.
