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- Dec 5, 2018
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- 1,437
I worked at a 100 million dollar company that sold to an investment firm, nobody had any idea, including top level employees in the company. We had a plant meeting and the owner said "we sold and sign papers next week".
In a $100 million company, a "plant meeting" tends to involve mid-to-lower level employees who are fairly divorced from what happens at corporate, beyond maybe the person in charge of the plant and an on-site HR person. At the very least, finance and HR people in corporate are going to know, because they're involved in the due diligence process. Of course, it can vary a lot, a few years ago we bought a competitor for over $300 million , and all of their facility-level folks knew about the deal ahead of the actual transition with over a month of lead time (I'm an in-house corporate/transactional lawyer for a Fortune 1000 company). The operations-level employees of the company we acquired were virtually all retained, only corporate employees who were redundant after the merger were let go. In a company with fewer than 100 employees and one location, it'd be impressive if news of the deal hadn't leaked out to the rank-and-file staff.
I don't really use the big river site so I don't have a basis for reference but out of curiosity I looked up the first three brands displayed on the GSM site. Keep in mind I just clicked on the first product for each that popped up.
Stealth Cams only has a 61% 5 star rating and a 12% 1 star
Walker's Game Ear has a 58% 5 star and a 6% 1 star
Muddy Outdoors has a 61% 5 star and 9% 1 star
Those don't seem to me like encouraging numbers. Am I wrong? Is that fairly normal?
When you search "game camera," the first item that pops up has 62% 5-star and 7% 1-star, so yeah, probably within the realm of normal.