International Brotherhood of DuPont Workers

Jim Flickinger - President     

Donny Irvin - Vice President/Communications     Tony Davis - Vice President/ Organizing

Dave Gibson - Secretary/Treasurer 

Kenneth Henley - General Counsel 

"Workers Representing DuPont, Bemis and INVISTA Workers"

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Reflection of Charles Holliday's Record

Officially Replaced As CEO By Ellen Kullman In January 2009, It Is Time To Take a Look At What Holliday Has Done And How The Stock Has Performed! 

From $80 to $41 Per Share In Just 6 Years.  A Busted-Up Company And A Demoralized Work Force.  That Is Holliday’s Record And That Is Why He Needs To Go!

2/98: Holliday takes over as CEO

5/98: Holliday says that the Fibers Business "is the foundation of this Company and is critical to our long term future. We will not break up this Company." Holliday buys the part of Merck pharmaceuticals that DuPont didn't already own (STOCK PRICE - $80)

4/99: Holliday sells off Conoco (STOCK PRICE - $69)

8/99: Holliday buys the 80% of Pioneer that DuPont doesn't already own. (STOCK PRICE – $72)

2/00: Holliday says "We expect solid earnings growth this year." (STOCK PRICE - $52)

5/00: Holliday says "This is the turnaround year for DuPont” (STOCK PRICE - $51)

6/00: Holliday sells the pharmaceuticals business two years after buying it. (STOCK PRICE - $47)

4/01: Holliday says "Our stock price is not where we want it to be, but we're putting things in place to try to change that.  We're in a transformation as a company to a new growth curve; we're sure we're on the right track.  (STOCK PRICE - $45)

10/01: Holliday announces the planned sale of the Fibers Business (compare with his statement in 5/98 that he would not sell the Fibers Business).  Estimate sale price was between $5 to $6 billion; actual sale price was $4.2 Billion.  IBDW calls for Holliday's removal.  (STOCK PRICE - $41)

2/02: DuPont announces the formation of the DuPont Textiles and Interiors subsidiary. (STOCK PRICE - $45)

4/03: DuPont announces third party expression of interest in possible sale of DuPont Textiles and Interiors. (STOCK PRICE - $41)

11/03: DuPont and Koch Industries agree on sale of Invista. (STOCK PRICE - $41)

3/04: DuPont mails Proxy Statement to stockholders. (STOCK PRICE - $41)

5/04: Textile Fibers officially part of Koch Industries (STOCK PRICE - $42.95)

6/04: 30-Days after sale of Textile Fibers (STOCK PRICE - $43.18)

11/05: Other chemical companies see their stock rebound; DuPont which once was the #1 chemical company now struggles to keep up as the #3 chemical company -  (STOCK PRICE - $41.73)

12/09: At the end of Holliday's tenure as CEO, the stock is at $25 per share.

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