Scorched Worth by Joel Engel

Author:Joel Engel
Language: eng
Format: epub
ISBN: 9781594039829
Publisher: Encounter Books
Published: 2018-02-28T05:00:00+00:00

40

Red Emmerson was even more relieved than he had expected to be after taking Sierra Pacific private. He slept soundly again, his enthusiasm for the business rekindled by focusing on SPI’s core businesses of lumber and millwork, the same businesses John Crook had disdained.

The hours were long, and there were problems to be solved by the minute, but he calls this period “some of the happiest days of my life. I was the boss again, and I decided what would get pared down and where to pay more attention and where and how to capitalize on opportunities.”

In Emmerson’s mind, being able not just to service the debt but to pay back creditors early would be a good benchmark of how well the company was standing on its own feet. His immediate goal was to repay the Bank of America loan faster than even his most optimistic admirer could expect. He did. Within three years, far ahead of schedule, he’d repaid the loan in full.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.