Initial Demise
Flush with success, and having become a well-known (if not exactly household) name in the industry, Banyan seemed destined for greatness. Unfortunately, this was not to last. The opportunities available drew a number of young, high-powered sales people, and some observers felt that vice presidencies were handed out freely to assuage egos. Political infighting within the sales department and its multiple "regional vice presidents" allegedly led to resignations and terminations of a number of highly qualified sales and marketing people. A noted example is the closure of the company's #1 sales office, and the rumors that its management was dismissed to settle a personal dispute.
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“Capital is a result of labor, and is used by labor to assist it in further production. Labor is the active and initial force, and labor is therefore the employer of capital.”
—Henry George (1839–1897)