	goodyear gt chairman criticizes corporate raids the chairman of goodyear tire and rubber co a concern that survived a recent hostile takeover bid charged that terrorists in three piece suits are undermining the nation s industrial base in a speech to a meeting of south florida business executives goodyear chairman robert mercer lashed out at corporate raiders and takeover specialists accusing them of causing serious harm to the companies they target their interest is not in preserving and strengthening america s industrial and providing jobs he said their product is simply deals and that is not a product which a country can base a future on last year mercer fought off a takeover attempt by british industrialist sir james goldsmith but goodyear s independence was preserved at a high price mercer said the company bought back goldsmith s stock for mln dlrs giving him a mln dlr profit goodyear also paid him mln dlrs for expenses and bought about mln other shares for over two billion dlrs in an effort to trim its new debt goodyear closed down three plants mercer believes otherwise could have been saved sold its motor wheel and aerospace units and reduced its payroll by pct he said mercer who plans to testify tomorrow at a senate hearing on a proposed bill to control corporate raiders said hostile takeovers have also hurt workers reuter 
