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OT? - URS to buy WGI for $2.6 billion, D&M Rail Link anyone?
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[quote user="mudchicken"] <p>Dream on FM -</p><p>WGI is the bastardized remains of Morrison-Knudsen (MK) which bankrupted because of bad management (Tom Agee redux) and then almost bankrupted Ted Washington because of the financial shennanigans of Raytheon (who initially bought a failing MK and canibalized it) . What you have is two companies in decline (one almost in freefall) combinining in the vain hope to preserve market share. (not gonna happen bubba).... Both companies have some really good people, hobbled by poor management plus the beancounters that are too much in control. WGI sued Raytheon over the sale contract (read assumed debt) and FTC was into both outfit's business, with an unclear outcome IIRC.</p><p>(Really bizarre in the fact that WGI pretty well destroyed its own engineering/surveying capabilities [old Centennial Engining core] in the attempt to concentrate on design-build and the fast buck ... to the point of hiring outside consultants instead of using its own very capable folks, with disastrous results)...DM&E rationale?<span class="smiley">[(-D]</span><span class="smiley">[(-D]</span><span class="smiley">[(-D]</span> </p><p>[/quote]</p><p>Poor mudchicken! The little feller never seems to have any fun down there at the La Junta compound. </p><p>FYI - It's William Agee, not Tom Agee. And it's Dennis Washington, not Ted Washington. </p><p>Speaking of name forgetfullness......</p><p>I was going to tell the joke about the drunken BNSF employee passed out on the doorstep of Rosie's Cantina, but I'd hate for Kalmbach Publishing to suffer the same fate as DM&E, so I'll digress.<span class="smiley">[|(]</span></p><p> </p>
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