THOMAS REILLY, CHAIRMAN AND CEO OF PRIVATELY HELD REILLY INDUSTRIES (INDIANAPOLIS), GAVE a refreshingly contrarian interpretation of the challenges facing the specialty chemicals sector in a recent presentation to the Societe de Chimie Industrielle in New York. Reilly acknowledges the sector's difficulties--such as slowing growth rates, mature markets, and commoditization of various product lines--that Wall Street analysts diagnose (CW, Nov. 15, p. 3). But he is highly skeptical of many of Wall Street's prescriptions.
"Paying heed to the siren song of Wall Street has in many cases been disastrous," notably for companies that have made acquisitions in an attempt to …
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