Seeking Alpha

Federal Signal (FSS) agrees to sell its FSTech business, which makes hardware and software used...

Federal Signal (FSS) agrees to sell its FSTech business, which makes hardware and software used in electronic tolling, parking and access control and law enforcement, to 3M (MMM) for $110M in cash. FSS says the move is aimed at reducing outstanding debt, which totaled $235M at the end of March.
From other sites
Comments (1)
  • GVjD2707
    , contributor
    Comment (1) | Send Message
     
    I was Executive Vice President of Federal signal Corp(FSS) from
    1976 to 1985, during which time FSS stock rose from $6 to $20 per
    share and the Company was about in the same shape as it is today-not very good.
    We increased the dividend nine times and split the stock 9 times due to increased income performance and cash flow.
    While accomplishing this, I received a salary of $100,000 at the
    highest point, not up to $1,000,000 a year as the current CEO and CFO receive, which in my mind is ludricous.
    FSS is paying their top management double the cost of the value they are bringing to the Company.
    Respectfully, Vern Diedrick
    21 Jun 2012, 02:14 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs