There are some names you don't forget.
Like Al 'Chainsaw' Dunlap.
I'll bet a lot of former Scott Paper workers have not forgotten.
Dunlap, a notorious corporate cost-cutter, took control of the struggling, iconic Delco paper business in the late '90s. He was hailed by investors for a quick turnaround that drove up stock prices, at one point tripling the bottom line after inheriting a company saddled with $2.5 billion in debt.
But he accomplished the boost in the company's stock price through a policy of ruthless cost-cutting. They didn't call him 'Chainsaw' Al' or 'Rambo in Pinstripes' for nothing. Dunlap took a meat cleaver to the Scott Paper workforce.
When Scott Paper was sold to Kimberly Clark in 1995 for $9.4 billion, Dunlap pocketed a $100 million payout.
He went from Scott to Sunbeam Corp., but that's where his string of turnarounds ran aground.
He eventually was charged by the Securities and Exchange Commission with accounting fraud.
You can read his full obit here.
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