
“(Dunlap) sucked the very life and soul out of companies and people. He stole dignity, purpose, and sense out of organizations and replaced those ideals with fear and intimidation.”
On this date in 1996, “Chainsaw Al” Dunlap announced he was restructuring the Sunbeam Corp. and laid off 6,000 workers—half the workforce. Sunbeam later nearly collapsed after a series of scandals under Dunlap’s leadership that cost investors billions of dollars.