Doug Schmidt Blog & Writings

Black & Decker III—Death by Poor Governance

When I first learned of the sale of Black & Decker Corporation (NYSE: BDK) to The Stanley Works (NYSE:SWK) in November of 2009,  I was immediately suspicious and wondered how much money Black & Decker executives would be making by selling their own company.  For decades now, it has been a growing and, in my […]

Black & Decker I: How Our System Rewards Failure

Black & Decker Corporation (NYSE: BDK), based in the Baltimore suburb of Towson, announced in early November that it was merging with The Stanley Works (NYSE:SWK) based in Connecticut.  As per the usual script, this “merger” was hailed as a great step forward for Black & Decker.  Black & Decker shareholders would receive (in stock […]