AN OFFICER AND A GENTLEMAN MOVIE POSTER UPDATE

вЂњIf youвЂ™re not putting money back in to come up with new products, new plants and new ways of doing business in new geographies, youвЂ™ll die eventually.вЂќ Roberts, 75, his longtime partner, adds, вЂњThe businesses that have owners that care about them and management that cares about them are going to outperform.вЂќ ItвЂ™s not a sustainable business model,вЂќ says Kravis, 75, from his private meeting room in New York overlooking Central Park. вЂњYou canвЂ™t buy a company and strip out all the costs. This feel-good plot has two unlikely directors: Henry Kravis and George Roberts, the billionaire cofounders of KKR & Co., the now $200 billion (assets) private equity giant. вЂњIf we do better, the company does better, which means the shares grow,вЂќ says Josh Shelle, a 29-year-old assembly line supervisor, who has taken financial education, courtesy of Gardner Denver, to think more like an owner. When Gardner Denver returned to the NYSE nearly two years ago, every employee at the company was given stock equal to 40% of annual base pay, $100 million in all. Its 6,400-person workforce increased by 5%, revenues rose by 15% and operating cash flow surged by 54%. New funding allowed the company to expand into the medical and environmental sectors.

AN OFFICER AND A GENTLEMAN MOVIE POSTER UPDATE

More than $325 million was invested to update equipment, make plants safer and improve operations. The only thing missing was Michael Douglas insisting that greed was good.Д«ut a funny thing happened on the way to the clichГ© of shuttered plants, downsized employees and pawned-off assets. Eventually management was shuffled, Goldman Sachs oversaw a sale, and a giant New York City buyout firm emerged as the winning bidder in 2013, paying some $3.9 billion, including $2.8 billion in new debt. Sales from its oil pumps and compressors slumped, its shares on the New York Stock Exchange languished, and in 2012 opportunistic financiers, now in the form of a hedge fund, pounded the table for change. For most of this decade, the saga of Gardner Denver, a Milwaukee-based manufacturer of industrial machinery since 1859, has played out like another sequel to Oliver StoneвЂ™s iconic 1987 movie, Wall Street.

An officer and a gentleman movie poster