The Near Demise of Once-Great Companies Joe Kannapell To hide mental decline is nearly impossible, unless you’re the boss and have guardians, who are usually family members. I witnessed this with Walter Moehlenpah, owner of MiTek’s predecessor, Hydro-Air Engineering, and I had to leave the company before it nearly collapsed, as did many... Read More July 2024
A Rural Tract Builder for the Ages Joe Kannapell No one has put more people of modest means into their own homes than Mr. D.R. Horton, who passed away in May. Founding the D.R. Horton company in 1978, Mr. Horton began serving this market in the 1980s in Texas, when mortgage rates were 12%, and the company continues today in Virginia with 7%... Read More May 2024
Two Tales: Survival or Not in the Component Business Joe Kannapell One gentleman owned the best plant in a fast-growing town. The other worked for the best supplier in a fast-growing role. Both had what seemed to be unassailable credentials and both adapted well to changing market conditions. But only one would survive. Their tales tell a lot about survival in... Read More March 2024