Talk:Rowe Furniture

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[edit] Material from the main page

I'm moving the following material from the main page for several reasons. It's uncited derogatory information that may concern living people, which could be a violation of WP:BLP. Even if it's not a BLP issue it's contentious information about a company history of the sort that needs to be sourced. Also, the way it was added in such a sloppy way, without line breaks, suggests it was cut and pasted from somewhere else. I can't find it on google but it raises a concern of a copyright violation. Nevertheless I'm putting it here for now because I can't be sure of any violation of either policy. It just looks suspicious.

Mr. Jordan soon left the company and there were several shareholders as well as Mr. Don Rowe Sr. as owner and president. Mr. Rowe's son Don Rowe would take over as president of the company after his father retired but would die of a heart attack soon after at a young age. Rowe had hired a salesman, Mr. Gerald Birnbach who had developed a large corporate account by the name of Levitz Furniture. Birnbach would essentially take over the company with the remaining Rowe family members blessing but not before a bitter court battle for control of the company with a Rowe son-in-law Bob Matheison. Levitz would bankrupt, leaving Rowe holding a big bag. Birnbach tried to grow the company too fast and was never able to achieve long lasting success. The company did grow but eventually failed due to neponisim and plunging into debt. The company built an expensive state of the art factory at a time when foreign furniture was flooding the market. The Birnbach family took millions of dollars through the years in salaries and benefits and top executives earned large salaries. Barry Birnbach took over the company from his father with the board's blessing and shortly after the company went under for good in September of 2006. Finally the company went outside the Birnbachs for help from consulting firms. Salaries were slashed in two, Barry Birnbach was fired and outside contracts with the Birnbach family were cancelled but too much damage had been done throught the years. The company stock was at the time valued at 1 cent per share.Rowe furniture, once a proud and traditional local company, had been run into the ground.