Simmons Lacks Expertise to Operate Lockheed
I am concerned about Harold C. Simmons’ intentions to acquire large blocks of Lockheed stock.
Simmons has no experience in managing a high-tech organization such as Lockheed. If he intends to run Lockheed, this is a risky way to obtain on-the-job training.
Simmons’ expertise is gaining control of a corporation, then breaking it up and selling it off piece by piece to make a profit. The United States cannot afford to have Lockheed broken up. Lockheed is a national asset.
R. G. FULLER
Encino
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.