Post 07/16/09 B
Hi again TAD employees,
It is hard to believe, given what is currently going on at TAD, that this article appeared ONLY ONE YEAR AGO (which can be viewed online at: http://www.pennlive.com/news/patriotnews/index.ssf?/base/news/12148737115670.xml&coll=1).
McCain promises aid to Harrisburg aircraft parts maker
Tuesday, July 01, 2008
BY BRETT LIEBERMAN
Of Our Washington Bureau
Central Pennsylvania was back in the spotlight of the presidential race Monday, with Republican candidate John McCain making his first visit to an area that could be critical to his campaign.
Pennsylvania is considered a key state in the race, and political analysts say McCain must do well in central Pennsylvania to have any hope of carrying the state.
With polls showing the economy as the top issue in the race, the Arizona senator toured Turbine Airfoil Designs, a Harrisburg aircraft parts manufacturer.
"This epitomizes both the opportunities and challenges for the manufacturing jobs here in the United States of America and here in Pennsylvania," McCain said.
McCain didn't elaborate on how his policies could help the plant. But his campaign focused attention on a minority-owned company, a fact that wasn't lost on its owner.
John Walton, the CEO and owner of the parent company, Dallas-based Walton Johnson Group, said the campaign stop was a sound strategic move by McCain's campaign.
"You have a minority political candidate, but you have lots of minority businessmen in this country that have been out there fighting the fight for eons and eons and trying to create opportunities and being visible in communities," said Walton, who is black.
Walton would not say whether he supports McCain or Democratic presidential candidate Barack Obama, but McCain is "the kind of character I like."
Walton said he hasn't met Obama.
Walton and Ben Frazier, Turbine Airfoil's president, led the senator and his wife, Cindy McCain, on what Frazier described as a 20-minute "womb-to-tomb" tour of the Cameron Street plant.
Turbine Airfoil manufactures parts used in military and commercial aircraft engines and power generation turbines.
Frazier showed McCain a part that the company manufactured for the A-4 Skyhawk jets that the former Navy pilot used to fly.
The company used to lose what its officials estimated was "a couple hundred thousand bucks" a month. Despite recent layoffs, last year was profitable.
"They have made a great deal of progress. ... They have a lot more progress to achieve," McCain said, adding that he intends "to do everything I can to help them" increase their domestic and defense sales....
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The interesting thing about this article is in the next to last paragraph which states: “The company used to lose what its officials estimated was ‘a couple hundred thousand bucks’ a month. Despite recent layoffs, last year was profitable.” Let me repeat that! Just last year, TAD claimed that despite losing money and having to layoff workers, … LAST YEAR (2007) WAS PROFITABLE!!!!!
Was TAD management deliberately lying about their profits in this story like they typically do? If not, is TAD upper management so good at embezzling, misappropriating funds, laundering money, and siphoning off profits that they effectively destroyed the business in less than two years? (Although we know they were impoverishing the business and depleting assets as soon as scumbag John Walton took over the company.) If what they claim is true, what happened to all of the “profits” from 2007 since those proceeds never went to upgrades or additional items to improve productivity? Is that fraud of a CEO Anne Richie so good at “hiding” assets and concealing the “money trail” that nowadays it is difficult for the District Attorney or the PA Attorney General to track those missing funds? If 2007 was profitable, why, as of just October 9, 2008—less than one year since they claimed profitability and only three months since this story was published—did the company begin committing criminal theft by taking the funds withdrawn from employee’s pay checks as there own?
Why? Why? Why?
Because those in TAD upper management—John Walton, Anne Richie, Benjamin Frazier, Thomas Gardner, and Chuck Washington—are callous, inhumane, and greedy with no regard for the health, welfare, and stability of TAD employees or the local community.
"I'd like to share a revelation that I've had during my time here. It came to me when I tried to classify [TAD upper management]. I've realized that [they] are not actually [legitimate business people]. Every [legitimate business person] on this planet instinctively develops a natural equilibrium with the surrounding environment. But [those in TAD upper management] do not. [They acquire a business] and [deplete assets] and [deplete assets] until every [business] resource is consumed and the only way [they] can survive is to spread to another area. There is another organism on this planet that follows the same pattern. Do you know what that is? A virus. [Those in TAD upper management] are a disease, a cancer of this planet. [They] are a plague and we [better find] the cure." The Matrix, 1999, the Wachowski brothers
ETD