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Resource ID: #10877
Subject: Business
Source: Forbes Magazine
Date: 1994-09-12



In late August we published a cover stroy on Borden Inc., a once proud member of America's corporate elite. This was the first story to delve below the surface and really detail how badly poor Elsie the Cow was being treated by it's handlers. Forbes detailed its dire condition and the gross mismanagement at Borden, and played a role in precipitating the coercive, fire sale takeover that Borden entered into with leveraged buyout firm kohlberg Kravis Roverts. Forbes was also the first to uncover the takeover artist, Paul Kazarian was interested in buying Borden and turning it around.

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