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La-Z-Boy: Trying times recline to 85 years of relaxation, expansion for iconic Michigan company
April 30,
2012 by in UnCategorized 
By Aggregated Content in on May 1, 2012
from http://c.moreover.com/click/here.pl?z6398725726&z=1250249027
MONROE, MI- Four years ago, Kurt L. Darrow was forced to make some of the toughest decisions of his life. The La-Z-Boy Inc. chairman, president and CEO had to make cuts, and had no time to spare. The company had ended its 2009 fiscal year in April with $122.7 million in losses and a stock that was trading for about $2 per share nearly 70 percent less than the previous year. It was the most trying time in my career, Darrow told MLive.com from inside the furniture giants headquarters in Monroe. Weve been through downturns with high inflation,
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