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Re: Bruce A Thompson post# 151077

Sunday, 09/14/2003 11:02:58 AM

Sunday, September 14, 2003 11:02:58 AM

Post# of 704019
"Can you name any single brand of TV that is manufactured in the US? "

Zenith was a particulary rotten takeover and bankrupcy which screwed the shareholders without the help of our government. LG Electronics a Korean company is the owner of Zenith just so you know where the bottom line ends up.
SI has had miles of talk on this subject and I copied some of it for anyone with interest why and where one of our great TV manufacturers ended up. This post was by Robert Utne and was taken from S.I. and there was a large article in Forbes in the beginning of this year. In any case there is much bitterness still over the takeover of Zenith.

"I met John Koo in Delaware Bankruptcy Court. He is sharp, intelligent and has demonstrated a keen killer instinct to go for the jugular using hired hands. The Koos take no prisoners and are not above bribes including one for $100,000 to the Bush Presidential Library in Houston.

Zenith never had a chance once Koo zeroed in. Unfortunately, there were very few "Bob Utnes" who gave a damn. We conducted a thorough inverstigation of the fraud instigated by Jon Koo against Zenith and submitted our findings to the SEC, DOJ, FTC, White House, numerous elected officials and the Illinois Attorney General. Only the SEC partially responded by delaying the bankruptcy by more than one year. "



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