Is TYCO, the large conglomerate which is in the news, along with Enron and other large corps showing how greedy they are, the same TYCO that produced TYCO model railroad equipment?
I think Tyco really never actually made the equipment and the equipment was really built by Mantua.
No, Tyco was short for “Tylor Company”, a small model making outfit that was bought by mantua. TYCO, the coglomorate is a whole seperate entity.
Jay
What NDTN says is right about Tyler Company, however the Tyco that’s got all the financial scalndals and problems is actually the original Tyco. The original Tyco HO train and slot car line that was started by John Tyler in the 50’s (slot cars came in the 60’s) was bought by a company called Consolidated Foods in 1970. In the 80’s they officially became Tyco Industries. At this time they started expanding their product line to include other toys. Gradually, these other toys began to take over their product line and the kept making less and less trains. The last year Tyco sold HO trains was in 1993. By that time it was down to only 3 sets, period (no extra engines, cars, track, etc.). The old Tyco tooling now belongs to Mehano (they make trains for IHC). I actually think that Tyco deserves all the problems they have now for abandoning their roots and what got them started in the first place (trains!).
I believe Sask is mistaken on this one. He is correct about John Tyler’s company being bought by Consolidated Foods, and the toy making division taking the name Tyco Industries.
BUT…
The Tyco that is in the headlines is not Tyco Industries, but Tyco International, which never had anything to do with Tyco trains or any other toy product line. You can get more information on Tyco International here:
These are publicly held companies. The CEO and board of directors do exactly what the stock holders want - maximize profits to increase return on investment. Yes, it is true that stock holder money was illegally mishandled by some executives but if it wasn’t for these “greedy” corporations, many of us wouldn’t have jobs. It doesn’t excuse illegal activity or theft but many of us have our money invested in these “greedy” corporations which basically means, the CEO and board of directors is working for you and they are doing what you want, helping you to achieve maximum return on investment.
Sean
Spending millions on a toga birthday party for your half as old, ten times as attractive wife inviting a few hundred of your ‘best friends’ to an island, or buying an $8000. shower curtain - - both w/ company funds is a conspicuous disregard for businees ethics and especially for Tyco’s shareholders. Suggest that you may want to re-examine your perspective on your take on this disgusting abuse of corporate power and greed. Not every CEO behaves like this, and his eventual conviction should send a ‘signal’ throughout the corporate world.
That was was my point. The term corporate greed is tossed around so much and generally implys that “all” large companies are run by souless-ruthless men who care nothing about the welfare of employees, community, etc. This is just not true. Some are bad, some are good. The employee who steals, wheather it’s the CEO or the stock room guy taking office supplies for personal use, are both wrong. It’s just that the CEO and his crime destroys peoples lives.
I don’t like the class warfare “stuff” that seems to be poping up so much now.
Sean
I always wondered about this, too…thanks for the scoop, guys.[8D]
So, the model train TYCO is the one that makes the RC cars?
brothaslide, When I said “other” I would think it understood, it doesn’t imply all.
Mark
hey ‘brothaslide’ Glad we’re on the same track - re: your last post. . .
I guess I goofed on that one. Oh well, thanks for the heads up Roadtrp!