David Perdue’s business record mixed | www.myajc.com

6
May

David Perdue’s business record mixed | www.myajc.com

In his bid for the U.S. Senate, David Perdue portrays himself as a Fortune 500 CEO who helped grow some of America’s most recognizable companies.

But the Republican’s track record as a corporate turnaround wizard has hit a few rough patches.

He worked in Texas for clothing maker Haggar and went to Asia as a top executive with Sara Lee. But it was at athletic shoemaker Reebok where he first earned the title chief executive officer. Perdue joined the company in 1998 and worked his way up to CEO in 2001. During that time sales and revenue both grew.

He’s credited with revitalizing the company’s brand and helping it compete with behemoth Nike by signing on top athletes and musicians to hawk Reebok sneakers. Perdue took his leave when German shoemaker Adidas bought out Reebok.

In 2002, he took a gambit and signed on as new chief executive officer of Pillowtex, a troubled textile manufacturer based in Kannapolis, N.C. Perdue was brought in to grow the company, which was emerging from bankruptcy protection.

It didn’t end well. The company folded just a few months after Perdue departed.

Tax records reviewed by the AJC records show Perdue was paid $1.3 million in the same year Pillowtex went under, leaving thousands of workers jobless.

via David Perdue’s business record mixed | www.myajc.com.

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