Posts Tagged ‘private equity’

An Executive Who Ruled From Afar and Walked Away Rich

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Published in The New York Times October 5, 2009 by Julie Creswell

New employees at the headquarters of the Simmons Bedding Company got a little book containing 84 sayings of their boss, Charlie Eitel.
Saying No. 1: “In order to create a viable vision you must answer one very fundamental question, ‘What do you really want?’ ”

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Buyout Firms Profited as a Company’s Debt Soared

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Published in The New York Times October 5, 2009 by Julie Creswell

For most of the 133 years since its founding in a small city in Wisconsin, the Simmons Bedding Company enjoyed an illustrious history.
Presidents have slumbered on its mattresses aboard Air Force One. Dignitaries have slept on them in the Lincoln Bedroom. Its advertisements have featured Henry Ford and H. G. Wells. Eleanor Roosevelt extolled the virtues of the Simmons Beautyrest mattress, and the brand was immortalized on Broadway in Cole Porter’s song “Anything Goes.”

 

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Filed under: Newsfeeds