Manpower Gets A Divorce
If this were a wrestling match, you'd give Manpower two points for scoring a reverse. On June 4, the Milwaukee personnel agency said it had sold Blue Arrow Personnel Services to a management group for $58.1 million. In 1987, Blue Arrow bought much-larger Manpower for $1.3 billion. In late 1988, the Blue Arrow board ousted Mitchell Fromstein as Manpower's CEO and installed Blue Arrow CEO Antony Berry as head of both companies. Less than six weeks later, a franchisee revolt forced the board to dump Berry and bring Fromstein back in. Since then, Fromstein has changed the parent company's name back to Manpower and sold off many of Blue Arrow's assets and operations.
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