Yes it is interesting that many companies that once where very strong eventually fell into demise. It makes one wonder or very aware of the severe price paid if calling the wrong shots in large companies. Perhaps even a relatively simple decision done badly can finish them off over time.

We had a fairly large presence in the domestic appliance manufacturing market for a lot of years locally. Furnaces, kitchen stoves, etc. Rather than sell the company the original families decendants looted the company and collapsed it. I think selling it would have resulted in more money for them. Their products were extremely good quality wise and not overpriced.

Some other local employees tried to buy a still profitable division of the dominion bridge company after the bankrupcy. Instead the government arranged basically to give the profitable new plant to a friend of theirs. The workers refused to work for him as he got what they had been willing to pay for free with him having no past involvement. It was pretty hot and heavy locally over this. This division was the robbs engineering works until dominion bridge purchased them. Always very busy and a highly capable steel fabrication company. They even built massive stationary steam engines in their early days. Building sits empty now for years and not much chance a new manufaturer would need that much space.