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A comment on T. Boone Pickens Farewell Letter. Parent comment

Re:T. Boone Pickens Farewell Letter by seibelj on Thursday September 19, 2019 @08:46AM (#21015625)
I am very happy that specialists exist who can take struggling businesses and fix their management and processes. Your 401k agrees with me.
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Re:T. Boone Pickens Farewell Letter by jacquesm on Thursday September 19, 2019 @09:10AM (#21015793)
There are good corporate raiders and bad ones, T. Boone Pickens ends up near the far end of bad.

His main shtick was to propose a buy-out or merger, wait for the stock to rise on the news, dump it and then never follow through. That doesn't take care of 'struggling businesses', nor does it 'fix their management processes'. Your 401k might still agree but for wholly different reasons than you think.

Earlier in his career I'd say he was a lot better.

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