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Although problems 50 years ago lead to the demise of the company it has zero to do with what Grizzly is doing with the name now. Just like Jet and Powermatic. Hell look at Oliver also.South Bend did that to themselves
South Bend Lathe: What Can We Learn from an ESOP “Failure”? | Center for Economic & Social Justice
by Norman G. Kurland South Bend Lathe, the bête noire of the ESOP movement, may forever hold the dubious distinction as the company where "owners went on strike against themselves." While this popular characterization has long diverted attention from the hidden issues involved, the South Bend...www.cesj.org