Convergys up for sale? Some analysts say yes
Convergys Corp., one of Cincinnati's largest headquarters companies, could be in play.
Join the discussion below, or Read more at The Cincinnati Enquirer.
#1 May 17, 2010
I dont work for Convergys but I understand that Convergys has hired JP Morgan Chase to find a buyer for the company. I also understand that Convergy's major shares holder, Janas Corp, placed their own man, Jeff Fox, on the board of directors of Convergys, then fired the ceo, then placed Jeff Fox in as CEO with a 1 yr contract. They did this exact thing when they baught Sitel Corp, another call center, then sold them for $481MM.
Since I am an outsider, thought this was interesting. Also see that Cebu, Philipines COnvergys site is hiring 20K new people to answer phones. Are they taking US jobs and moving them there?
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