Hooray for Jack Valenti!
He is so right about leveraged buyouts ("Before Leveraged Debt Ruins Us, Government Must Rescue Us," Op-Ed Page, Nov. 30).
And for the first time (that I have seen or heard) he addressed a concern I've long had--the employees of the companies being raided.
Much time is given to management and the stockholders but where is there any thought or consideration given to those people who produce the goods and services offered by these companies? A two-legged stool will not stand. The third leg, the employee, is vitally important.
It seems academic to me that when you ignore the employee, keep him in a constant state of anxiety over whether or not he will have a job or have to uproot his family and move to a strange town because of a threatened or pending merger, you have an employee who cannot give his best to his job. This person is being rubbed raw with concerns and fears. Families break up over such traumatic anxieties.