LeBaron Bonney Co.

[denis4x4]

Originally Posted by Synchro909

Sounds like some one doesn't mind losing a heap of money. Why do people buy a company, then run it into the ground? Incompetence? Stupid? What?

In the early to the mid seventies, major companies were scouring the SEMA show looking for companies to buy in the high performance industry. Very simply, these hot rod equipment companies were very profitable. The prevailing thinking by the corporations was that if some guy with a high school education could make this kind of money making exhaust headers, think how much more money you could make with MBA's running the outfit.


While major corporations brought business knowledge and lots of capitol to the table, they lacked the knowledge of their customers and the passion of the founder and therefore failed. There were more than a few guys that bought their businesses back for pennies on the dollar.