tag:blogger.com,1999:blog-3436715926498129740.post3968947612993898085..comments2024-02-16T05:17:12.131-05:00Comments on Capadia Designs: Creative Memories - Information UpdateDianehttp://www.blogger.com/profile/02661340742782657595noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3436715926498129740.post-11079313012107524522013-05-20T23:58:26.459-04:002013-05-20T23:58:26.459-04:00Hi Ellen,
It is really sad to see the state that t...Hi Ellen,<br />It is really sad to see the state that they are in and I hope that somehow they will re-emerge even if it is a leaner company. I like their albums the best and I would be lost if I didn't have the software to use (it should be fine until I need to update my computer and then I don't know if I could activate it if CM is no longer around).<br />I did want to mention that Dawn Oldham actually retired a couple of years ago due to some serious health challenges - it is true that she is owed a large amount of money by CM.<br />I hope that the many people who have been and will be laid off can find new jobs quickly.Dianehttps://www.blogger.com/profile/02661340742782657595noreply@blogger.comtag:blogger.com,1999:blog-3436715926498129740.post-7690935089690622052013-05-20T11:39:47.984-04:002013-05-20T11:39:47.984-04:00Thank you for your careful and considerate update ...Thank you for your careful and considerate update on CM, Diane. It is a troubling sign that this is the second bankruptcy filing in 5 years. CM's parent company (Antioch), which manufactures and packages their goods, has also filed for bankruptcy/reorganization. <br /><br />Sadly, 70% of its workforce of 230 will be laid off within a month. CM has announced that these will be "permanent" reductions to make the firm more "nimble." It's hard to imagine that there was that much bloat! Even more sadly, some of their most productive "uplines" (senior directors), with the highest sales, are the creditors the company is seeking to not pay through reorganization. One (Dawn Oldman, in FL) has since left the company because she is owed $1.25 million! <br /><br />Some of their other creditors include local (Minnesota) printers who are owed $500,000+ -- and their survival depends on repayment that will be negated by yet another bankruptcy by CM.<br /><br />Fondly,<br />Ellen (CardMonkey)<br />http://cardmonkeyspaperjungle.com<br /><br /><br />Ellen Jarvishttps://www.blogger.com/profile/17932914906202298059noreply@blogger.com