Applying What You Learn
Ralph Hake
Ran Maytag: June 2001-March 2006
Was chief financial officer and executive vice president at Fluor Corp., but he spent 12 years at Whirlpool Corp., one of Maytag's chief competitors and the company that ended up buying Maytag in March 2006. The company stock value, market share and profitability waned to the point that it began entertaining buyout offers in 2005. Contractual agreements Hake had signed with the company allowed him to leave Maytag April 3 with a benefits package worth an estimated $20 million. The nearly 1,800 Maytag workers in Newton would learn 37 days later that they would no longer have jobs.
Sources: Maytag Corp. history, Maytag Collectors Club, Jasper County Historical Museum, Leonard Hadley.
Another nice guy leaving a legacy to be proud of. Dweeb.
Ran Maytag: June 2001-March 2006
Was chief financial officer and executive vice president at Fluor Corp., but he spent 12 years at Whirlpool Corp., one of Maytag's chief competitors and the company that ended up buying Maytag in March 2006. The company stock value, market share and profitability waned to the point that it began entertaining buyout offers in 2005. Contractual agreements Hake had signed with the company allowed him to leave Maytag April 3 with a benefits package worth an estimated $20 million. The nearly 1,800 Maytag workers in Newton would learn 37 days later that they would no longer have jobs.
Sources: Maytag Corp. history, Maytag Collectors Club, Jasper County Historical Museum, Leonard Hadley.
Another nice guy leaving a legacy to be proud of. Dweeb.
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