Selmer Stockholders

Israel Stein istein@world.std.com
Wed, 26 Apr 1995 00:29:00 +0059 (EDT)



On Tue, 25 Apr 1995, stanwood wrote:

>
> Kyle Kirkland
> Kyle Kirkland is a controlling shareholder of Selmer Industries, the
> parent company of The Selmer Company.  In addition to Selmer, Kyle has
> significant ownership interests in companies engaged in the beverage
> and textile industries.  Prior to his career acquiring and growing
> businesses, Kyle was employed by the investment bank Drexel Burnham
> Lambert where he financed the growth of many private businesses.
> Before his career in investment banking, Kyle was employed by Bain &
> Co., and international business consulting firm.

Not good news. Bain & Co. are known as ruthless restructurers - knowing
no bounds in the zeal and fervor with which they whipped their
"consultees" back into profitability,  often leaving them unrecognizable.
They are known as "Bainies" (as in "Moonies") for their almost cult-like
regard of  their mentor's methods (I forget Bain's full name). Of course
Kyle might be a lapsed Bainie, in which case we might still be able to
recognize the Steinway company and its product in five years...

I. Stein

 Kyle sits on the
> board of directors of a number of public and private companies.  Kyle
> earned an A.B. degree from Harvard College, magna cum laude, and
> received an M.B.A. from Stanford University.
>



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