John T. Hackett

Race to the Bottom John T. Hackett

Race to the Bottom reveals the decline of a once proud and successful manufacturing company and its Midwest community. The company's success, the philantropic leaadership of its founding families, and the pride of an entire city combine to create a uniquely progressive society. The transition from a family business to a public corporation is the beginning of the descent. Absentee owners replace the influence of the company's founding families with a culture of greed and expedience. New management abandons fundamental principles of long term success for short-term profits and pursuit of personal ambition. Contentious labor negotiations over the relocation of thousands of jobs to Mexico foster mistrust and apprehension.. A crisis of far greater magnitude discloses the ultimate corporate betrayal.