Had to Laugh at View
Thank you for printing the ridiculous quote by David Paul Kane, president of Kennedy Cabot Inc. in the Nov. 13 story, “Ford Emerges as Possible Bidder for Charles Schwab,” which also discussed the possibility that Kennedy Cabot might also make a bid for the brokerage firm. I had to laugh when I read that if he were to acquire Charles Schwab & Co., purportedly at a price approaching $300 million, he would “fire everybody.” We are a service organization whose greatest asset is the talent and dedication of both management and employees.
For Kane to assert that he would fire everybody after paying the cost of acquisition demonstrates to the public the nature of the man at the helm of Kennedy Cabot. If I had an account at Kennedy Cabot in the hands of this man, I would think twice about leaving it there.
RANDALL N. KIRK
Vice President and Branch Manager
Charles Schwab & Co.
Los Angeles
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