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Greedy Execs Are In for Rude Awakening

November 15, 1998

* "Clock Ticking on Lackluster Mervyn's" [Oct. 14] represents a disturbing trend in American business. The threatened closing of a profitable enterprise (Mervyn's) does not represent the American dream of business.

Greed requires that the profit must continue to expand at a high rate. Can this trend continue? Do the American people have an infinite pocketbook to keep the profits rising? The answer is no.

These greedy executives are in for a rude awakening. These executives continue to cut wages while expecting sales to grow. Money for consumer goods does not grow on trees. When will this ridiculous trend stop?

DARRELL NEFT

Costa Mesa

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