By Ritch Eich In April, the Pacific Coast Business Times featured an article that focused on why women don’t attain more leadership positions. While I agree wholeheartedly with most everything in the article, as someone who has spent a lifetime working with, and for, strong women, I want to provide another perspective. Robert Mueller, a Read More →
Wall Street trusts billionaire David Murdock of Dole Food Co. to repay his debts but doesn’t agree with his valuation logic.
Murdock succeeded in taking the Westlake Village-based firm private on Oct. 31 in a deal that valued the company at more than $1.6 billion when counting net debt, fees and expenses. At the same time, investors clamored to help Murdock take on debt to finance the deal, with a reported order book of more than $10.5 billion for only $300 million in debt.