Pentair posts messy 4Q following Tyco integration

  • Article by: DEE DePASS , Star Tribune
  • Updated: January 29, 2013 - 8:26 PM

Sales rise, but earnings fall in "complicated" quarter.

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sek2undrstndJan. 29, 13 9:47 PM

"The pump-and-filtration giant has been busy shutting several of Tyco's smallest divisions, revamping its pension accounting and working to cut $90 million in expenses." ....... Corporate speak for stealing money from the workers' pension fund and laying off people to provide a later bump in earnings to meet performance goals and receive obscene bonuses. Nothing like making your bonus off the backs of the working folk eh Randy?

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