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The Water Cooler
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CNBC Attack on Remington
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<blockquote data-quote="spyglass" data-source="post: 1330606" data-attributes="member: 13068"><p>Let's remember 1 thing here.....this is corporate America we're talkin' about. At the time Mike Walker designed the 722, forerunner of the 700, DuPont owned Remington (as well as IMR)....at that level, mistakes are never publicly owned up to.</p><p></p><p> Most folks seem to think that corporations are living, breathing entities that somehow make products. They're not....the products/services are devised and decisions made by individuals employed by that corporation. The purpose of incorporation by a company is to affect "limited liability" for the top people, should a product be found defective or a practice determined to "unethical"....anything that might lead to litigation against that individual or group thereof, who approved it. The other factor is adverse publicity, should a problem be found, the v-p of sales, product development, etc, may be seen as "not promotable", which in corporate parlance, is tantamount to a career dead end, no bonuses, etc. And since things are very "clubby" at the top (golfing buddies, same country club, etc), no one there wants their "pals" to miss the cut, so the blame can be diluted throughout the corporate maze, and confidential "settlements" can be made, should it come to that.</p><p></p><p>Those outfits that make the things we are passionate about (guns, cars, motorcycles, et al) are still large corporations or worse, "holding companies", who see only bottom line. Currently, Remington, along with Marlin, Dakota Arms and a host of others, is owned by Cerebrus Capital, an NYC-based "Wall St concern".....these enterprises, whether they produce weaponry, automotive, pharmacueticals, aircraft, electronics....will be slow to admit error, either to "save face" or avoid the huge cost of recall/repair (or both).</p></blockquote><p></p>
[QUOTE="spyglass, post: 1330606, member: 13068"] Let's remember 1 thing here.....this is corporate America we're talkin' about. At the time Mike Walker designed the 722, forerunner of the 700, DuPont owned Remington (as well as IMR)....at that level, mistakes are never publicly owned up to. Most folks seem to think that corporations are living, breathing entities that somehow make products. They're not....the products/services are devised and decisions made by individuals employed by that corporation. The purpose of incorporation by a company is to affect "limited liability" for the top people, should a product be found defective or a practice determined to "unethical"....anything that might lead to litigation against that individual or group thereof, who approved it. The other factor is adverse publicity, should a problem be found, the v-p of sales, product development, etc, may be seen as "not promotable", which in corporate parlance, is tantamount to a career dead end, no bonuses, etc. And since things are very "clubby" at the top (golfing buddies, same country club, etc), no one there wants their "pals" to miss the cut, so the blame can be diluted throughout the corporate maze, and confidential "settlements" can be made, should it come to that. Those outfits that make the things we are passionate about (guns, cars, motorcycles, et al) are still large corporations or worse, "holding companies", who see only bottom line. Currently, Remington, along with Marlin, Dakota Arms and a host of others, is owned by Cerebrus Capital, an NYC-based "Wall St concern".....these enterprises, whether they produce weaponry, automotive, pharmacueticals, aircraft, electronics....will be slow to admit error, either to "save face" or avoid the huge cost of recall/repair (or both). [/QUOTE]
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