Comment on How outside CEOs like one dubbed ‘Chainsaw’ drove the Maine paper industry’s collapse

How outside CEOs like one dubbed ‘Chainsaw’ drove the Maine paper industry’s collapse

In 1994, Al Dunlap took over as CEO of Scott Paper, which owned paper mills in Winslow, Skowhegan and Westbrook. Nicknamed “Chainsaw” because of his ruthless approach to cutting jobs, Dunlap created $6.3 billion for the company’s shareholders and netted $120 million for himself in just two years on the job.

 

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