When the company fails, TL plans to go back to painting houses.
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In the US, family owned business rarely last past 5 generations. You are front row center seat for the folding of Follett. Every 5th gen for him/her self. BF, CEO of Content. Plus she's rich thanks to Dad, Granddad, and Great Granddad. TL is rich. He'll never have to work a day in his life.
And the family going forward (6th gen) will talk about how, in the old days, the family was a powerhouse in the books business.
Kind of like the Schwinn family.
At around the same time as TL was getting us $50m for Baker and Taylor after paying about $200m for it when we bought it, Chegg was paying about $430m for digital learning company Busuu. Busuu has been in business for less than 15 years. TL had a stronghold on a huge customer base and a perfect position to move into all kinds of new businesses. Start ups would ki-l for that starting point. What did he do? Focused on paying his family dividends. Amazing level of stupid. Wonder if he’ll help me with my resume and references.
TL will hire a publicist who will summarize his reign of te---r as the disruptive genius crafting his master work.
Also, I have 1st hand knowledge that TL indeed worked for Jostens when he finally graduated from TCU. He covered Central California selling through college bookstores.
Maybe time for the family shock therapists, I read the book.
He’s going to have ending the 150 year run of this company on his resume so he had that going for him. Some leaders find the pivot and lead their company into new markets, new ideas, new products, new ventures. TL sold us for pocket cash. Impressive legacy.
During the past 10 years, since TL has been become more involved in the day to day running as a business, has the company become better or worse? Has it treated employees with more respect or less? Has the business thrived or withered?
Actions not only speak louder than words. In this case, no words are needed.
Hi @4boh+1dUonAXp. Have you ever worked around TL? I work around him. He is the epitome of mean and hurtful not to mention vengeful and manipulative. There are some of our fellow employees on this site that are unfairly maligned but TL is not one of them. You can’t possibly judge him too harsh.
You are all mean and hurtful
I thought he was a class ring salesman?
24/7 boose cruise