http://thedealsleuth.wordpress.com/2006/09/17/summa-industries-failed-to-shop-company-around/ Disrespectfully tracking mergers, buyouts and other bad deals Mon, 07 Dec 2009 19:25:29 +0000 http://wordpress.com/ hourly 1 http://thedealsleuth.wordpress.com/2006/09/17/summa-industries-failed-to-shop-company-around/#comment-3411 David Hadden Wed, 06 Feb 2008 18:43:04 +0000 http://thedealsleuth.wordpress.com/2006/09/17/summa-industries-failed-to-shop-company-around/#comment-3411 I just ran across this comment. Mr Swartwout was CEO of Delphian Corporation, a small electronics company I founded in the '70s. Mr. Swartwout later sold the company for me when I became became sick. Mr. Swartwout had more than adequate opportunities to invoke his self-interests during my illness. He didn't. In all the time I've known Mr. Swartwout he has always put his employer's and shareholder's interests before his own. His personal integrity is beyond question. Mr. Swartwout's staying on with Habasit is more than likely a requirement of the purchaser than because of self-interest. I just ran across this comment. Mr Swartwout was CEO of Delphian Corporation, a small electronics company I founded in the ’70s. Mr. Swartwout later sold the company for me when I became became sick. Mr. Swartwout had more than adequate opportunities to invoke his self-interests during my illness. He didn’t. In all the time I’ve known Mr. Swartwout he has always put his employer’s and shareholder’s interests before his own. His personal integrity is beyond question. Mr. Swartwout’s staying on with Habasit is more than likely a requirement of the purchaser than because of self-interest.

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