At Morrison Knudsen, Some Things Ain't Broke
Your story "Why `Mr. Spud' is eyeing Morrison Knudsen" (News: Analysis & Commentary, May 29) was interesting but somewhat overblown.
We took exception to the notion that MK "could use some strong management." We have it, under the financial leadership of Chairman Steve Miller, who played an instrumental role in Chrysler's turnaround, and CEO Bob Tinstman, an MK veteran. Our management is embarked on an aggressive turnaround plan designed to divest itself of noncore businesses and pay down short-term debt, while it continues successfully to pursue opportunities in its core business segments.
There remains a significant amount of work to be done in order to turn the company around. Fortunately, the management's leadership and expertise is not an issue.
Brent D. Brandon
Morrison Knudsen Corp.