Re: [CTRL] NYTimes.com Article: James L. Dutt, Ex-Head of the Beatrice Companies, Is Dead at 77

[David Sutherland]

-Caveat Lector- Suicide is not uncommon for folks his age. I'm quite sure there would be substantially more if many had the autonomy and material circumstances.   "Directors unexpectedly ousted Mr. Dutt in mid-1985 .... "   Does that mean he was OUT completely or just ousted from his position?   When exactly did he leave, and what is particularly significant about this story in relation to a "Conspiracy Theory" list as you see it?   Dave.     ----- Original Message ----- From: "Tenor Love" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Thursday, November 28, 2002 5:35 AM Subject: [CTRL] NYTimes.com Article: James L. Dutt, Ex-Head of the Beatrice Companies, Is Dead at 77 > -Caveat Lector- > > This article from NYTimes.com > has been sent to you by [EMAIL PROTECTED]. > > > Every time I read of a suicide, it raises a red flag for me. I realize suicides really do happen -- a young co-worker's father committed suicide 2 weeks ago -- but at the corporate exec. level, further investigation is warranted. > > [EMAIL PROTECTED] > > > James L. Dutt, Ex-Head of the Beatrice Companies, Is Dead at 77 > > November 28, 2002 > By NEELA BANERJEE > > > > > > > James L. Dutt, a former chairman of the Beatrice Companies > - once a sprawling consumer products conglomerate with > brands as disparate as Tropicana orange juice, Playtex > undergarments and Samsonite luggage - died Oct. 28 at his > home in Charlotte, N.C. He was 77. > > His death was ruled a suicide by the Mecklenburg County > medical examiner, according to the Charlotte Police > Department. > > A native of Topeka, Kan., Mr. Dutt started part time as an > accountant at Beatrice in 1947 while he was still in > college, and later became a dairy plant manager. > > When Mr. Dutt became chairman in 1979, Beatrice had a net > income and a breadth of products that rivaled those of > Kraft, Procter & Gamble and General Foods. > > Mr. Dutt pared some of Beatrice's 400 units, like its > chemical division and its food service equipment > operations, while buying others. > > His most notable acquisition was Esmark Inc., the owner of > a distribution network for Hunt-Wesson foods. Mr. Dutt's > hope was that Esmark would provide the framework for > Beatrice to build a national distribution system. > > When he made his acquisition intentions known in 1984, > Esmark had already accepted a $2.4 billion takeover offer > from Kohlberg, Kravis, Roberts & Company, the New York > investment firm that specialized in leveraged buyouts. > > Mr. Dutt sweetened the offer and won Esmark for $2.8 > billion, making the acquisition, at the time, one of the > largest outside the oil industry. > > "This is a company where something happens," Mr. Dutt said > about Beatrice in an interview in 1984, after the Esmark > deal. "Most people work in a place where in their whole > life nothing happens. Here something happens every day." > > But some industry analysts argued that Mr. Dutt had paid > too much for Esmark and that he had taken on too much debt > and had diluted earnings. > > Analysts and company employees also criticized Mr. Dutt for > what seemed to be a brain drain at Beatrice, as more than > two dozen senior executives departed during his tenure. > > Directors unexpectedly ousted Mr. Dutt in mid-1985, while > he and 600 other Beatrice employees were attending a car > race in Wisconsin. > > Beatrice was later bought by TLC. The combined company, TLC > Beatrice, became mired in financial difficulties. Its > businesses were eventually sold, piece by piece, and the > company was liquidated by the late 1990's. > > After leaving Beatrice, Mr. Dutt formed a consulting firm, > Stratxx, that was first based in Chicago, and later in > Charlotte. > > He also held executive positions at Mailboxes Coast to > Coast and J. Ray McDermott S.A., a New Orleans marine > construction company. > > Mr. Dutt is survived by two daughters, Joan Dutt and Nancy > Veatch; a son, Thomas; three brothers, Charles, Wendell and > John; and four grandchildren. > > http://www.nytimes.com/2002/11/28/obituaries/28DUTT.html?ex=1039490542&ei=1&en=11d31e6d100ad768 > > > > HOW TO ADVERTISE > --------------------------------- > For information on advertising in e-mail newsletters > or other creative advertising opportunities with The > New York Times on the Web, please contact > [EMAIL PROTECTED] or visit our online media > kit at http://www.nytimes.com/adinfo > > For general information about NYTimes.com, write to > [EMAIL PROTECTED]. > > Copyright 2002 The New York Times Company > > <A HREF="'http://www.ctrl.org/">www.ctrl.orghttp://www.ctrl.org/">www.ctrl.org</A> > DECLARATION & DISCLAIMER > ========== > CTRL is a discussion & informational exchange list. Proselytizing propagandic > screeds are unwelcomed. 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Proselytizing propagandic screeds are unwelcomed. Substance—not soap-boxing—please! These are sordid matters and 'conspiracy theory'—with its many half-truths, mis- directions and outright frauds—is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://peach.ease.lsoft.com/archives/ctrl.html <A HREF="">Archives of [EMAIL PROTECTED]</A> http:[EMAIL PROTECTED]/ <A HREF="">ctrl</A> ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om