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MPC Corp. CEO John Yeros said he and other executives are not second guessing the company's acquisition of Gateway's professional computing division in October 2007, a move that in large part forced the company to shut down.
"I think pretty much to a 'T,' if we had to do it over again, we probably would have done the same thing," he said. "I still believe this was the right thing to do. Under different circumstances, that whole process may have worked out differently."
Yeros, who earned a base salary of $500,000 in 2008, talked about what went wrong with the acquisition in an exclusive interview with the Idaho Business Review last week.
He attributed the failure to four key factors: lower than expected revenue from the Gateway acquisition; higher than expected liabilities from Gateway warranties; unanticipated delays in the shift of manufacturing from Nashville to Juarez, Mexico, in an agreement with Flextronics Computing Mauritius...