A good read for ALL vgd investors
High-flying Danny Wettreich has shut down companies, destroyed jobs, and drawn the scrutiny of two federal agencies, But he says it's what the stock market thinks of him that counts.
Danny Wettreich, a 44-year-old native of London, England, personifies precisely what many find repugnant about American capitalism.
In the 13 years since he moved to Dallas, Wettreich has bought and shut down businesses, shuffled millions of dollars in securities, drawn suspicion from two federal agencies, and thrown people out of work.
"He's the most ruthless businessman I've ever met," says Lila Gill, a private investigator who researched Wettreich's past for Golden Triangle Royalty &Oil, a publicly traded Texas company Wettreich once threatened with a hostile takeover.
A former motorcycle-parts dealer, Wettreich now runs Camelot Corporation, a publicly traded holding company riding the Internet tidal wave. He dismisses the lawsuits, angry partners, and jobless Americans he has left behind. It's not his history of closing businesses that matters, scolds Wettreich; it's the value of shares in Camelot--today. One can sum up his credo like this: "It's the stock price, stupid!"
https://www.dallasobserver.com/1996-01-18/news/it-s-the-stock-price-stupid/full/