Chainsaw Al Goes To Camp Coleman
Hours after Sunbeam Corp. Chief Executive Albert J. Dunlap unveiled his planned $2.5 billion trio of acquisitions on Mar. 2, the CEO of Coleman Co., the largest of the targets, jetted from New York to Wichita to comfort his troops. After all, Dunlap is famously intolerant of underperformers--and Coleman has been anything but stellar. Coleman CEO Jerry W. Levin, who is based in New York, faced unhappy campers in the Heartland. "We all feel bad we didn't get to play out our hand," he says. "But at the price we were offered, it was a great deal for shareholders."
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