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Old 10-03-2011, 11:24 PM   #16
nvideoe

Join Date
Oct 2005
Posts
489
Senior Member
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Irrelevant. The purchaser of the company inherits the decisions of the previous company.

If you buy an auto repair shop to tear down and build a strip mall, and it turns out that they've been polluting the ground for the last 30 years by dumping their petroleum into the soil in the basement, guess whose problem it is?

M&I made a contribution. They got bought, but they still exist as M&I. BMO kept the name because they like the brand recognition. Well, brand recognition has some risks as well - these guys call for a boycott of M&I, and I will never ever ever ever buy a Chevrolet, even if GM is purchased by Toyota.
Hey man...we're all free to do what we like but this is assholery with a capital A in my book.

The contributions to Walker were a decision by the officers at the time and are immaterial now that the business is under new ownership. There is no continuing obligation to Walker and these folks are beating up on someone that just doesn't deserve it. Your auto shop analogy is off. The contributions to Walker don't constitute an ongoing interest like dumping oil would. This is more like a pissed off customer coming back and burning the place to the ground because the old owner screwed his wife.
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