Can Maytag's Repairman Get Out Of This Fix?Kevin Kelly
Don't confuse Leonard A. Hadley with Maytag Corp.'s famous "lonely repairman," that poor guy who has nothing to fix because the company's products work so well. Hadley, a 33-year Maytag veteran who became chief executive last April, has more than enough repair work to keep him busy. Back in 1987, Maytag earned $147.6 million on sales of $1.8 billion. This year, before special charges, it will make only $74 million on $3 billion in revenues, predicts C.J. Lawrence Inc. analyst Harry Mortner.
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