:47:00
A 13-D?
:47:02
He's acquired five percent
of the stock...
:47:04
and this is definitely the beginning of
a hostile takeover of our corporation.
:47:09
I think we all know what happened the
last time Davenport took over a company.
:47:12
Everyone was canned!
:47:15
Mr. Prescott has sent down word
of what he wants us to do.
:47:18
We are to recommend cuts
in every department.
:47:21
Our job is to slash the red ink
in every nook and cranny...
:47:26
because our company needs
the cash for its defense.
:47:32
Anybody wanna fire
the first shot?
:47:36
Kill Toledo.
:47:40
If we close down
our distribution centers...
:47:42
in Toledo, Joplin, Jacksonville...
:47:44
we'll slash the red ink
completely off the books.
:47:49
Whitfield, you don't have to
raise your hand. Just speak.
:47:52
Thank you.
:47:53
Well, I know I'm new here
and everything.
:47:57
On the surface, these cuts
seem like a good idea...
:47:59
"Seem like a good idea"?
:48:01
But closing down those distribution
centers would be a big mistake.
:48:03
It so happens that those closings
are exactly what Mr. Prescott wants.
:48:07
Well, then Mr. Prescott hasn't
thought things through very well.
:48:11
I'm going to tell him you said that.
:48:14
Good. Closing down
those centers...
:48:16
will put a strain on
this company's cash position.
:48:18
In the long run, those cuts are going
to hurt this company's innate value.
:48:21
Innate value?
What is he talking about?
:48:25
Davidson here will back me up
on this. Davidson?
:48:27
I'm Proctor. He's Davidson.
:48:29
Well, damn it,
Davidson, tell him!
:48:31
You wrote a memo to Mr. Thomas
explaining what I'm talking about.
:48:34
Well, how did you know
I wrote that memo?
:48:41
How did I know
you wrote that memo?
:48:46
Who else could write
that memo, Davidson?
:48:50
That memo was famous.
:48:53
That memo was a masterpiece.
:48:55
Clear, concise, to the point.
That was the best damn memo I ever read!
:48:59
In fact, that memo wasn't even a memo.
That memo was literature.