Restructurings and employee anxiety were discussed today at the Council of Institutional Investors' meeting in Chicago.
Robert N. Burt, chairman and CEO of FMC Corp., said shareholders should question restructuring announcements, while CEOs should stop looking at restructurings as events that make the stock move. Shareholders must not ``assume restructurings are good. A lot didn't pan out. Ask questions.''
Dana G. Mead, chairman and CEO of Tenneco, warned ``slash-and-burn'' downsizing tactics by some corporations ``will almost certainly draw government action.'' In an interview later, he added that while he supports questioning management on the goals of restructuring, he does not think shareholder resolutions are the proper forum.