Can someone explain to me why our idiot CEO is getting ConAgra into the real estate and commercial development business at the old corporate headquarters in Omaha instead of focusing on manufacturing food?
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$500 million? I pity the poor taxpayers of Omaha. Luckily I live outsude of yhe Metro area.
You would think they learned last time that Sean will lie straight to their face without even blinking an eye. Remember when he told the media that no decision on the move had been made only to announce it the very next morning.
Rumor has it that the City of Omaha will pay for a huge portion of this so called redevelopment. Let me get this straight...... Sean Connally screws the City of Omaha royally with his corporate headquarters move and layoffs. And the City Fathers ( and Mothers) come back for more of the same? What a set of fools!!!!
Before those 10 years are up there will be no ConAgra presence in Omaha. And especially on that property. They will tear those buildings all down and replace them with something else.
Think on it. When Sean sells ConAgra the remaining buildings will not be needed for the employees. They can tear them down and build nice high rise condos overlooking the river. $$$$$
Lamb Weston also tightens its budget. They push up the production and slash cost by even using cheap maintenance materials. Slowly they get rid of manpower. Why? To make a nice book value so that some body can buy it. Look into the organization. Full of ambitious politicians who knows little around the grass root.
It is not Sean's fault. He does what they want.
And expect him to move all his peons working in the other buildings elsewhere. Why would they need such a nice campus since they are just worker bees. He get a lot more money if he torn down those buildings and replace them.
Stock is in heavy trading on sale of the company rumors. Sean needs something to do after he sells the company and walks away with millions of $$$$$.
He likes the sound of "Sean Connally, Real Estate Tycoon".