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(Studio: Dan Rather) Report introduced.
(Lanett, Alabama: Bob Faw) Textile mill closings in the Chattahoochee Valley on the Alabama-Georgia border after their takeover by corporate raider William Farley featured; excerpt played from radio call-in program; excerpt shown from Farley television commercial. [Fired mill worker Hollis KELLEY, store owner Nancy ADCOCK, Drew SPRADLIN, West Point, Georgia, Mayor H.E. STEELE - comment on Farley.] Farley said to have used a leveraged buy out to gain control of West Point-Pepperell textile mill. [FARLEY - explains what went wrong.] [Truck stop owner DuWayne BRIDGES - says people are afraid.] Details given of effect of mill closings on the local people; fired mill worker Tommy Whitlock's suicide noted.] [Mother Mary WHITLOCK - blames Farley for her son's death.] Farley said to be a symbol of unwelcome change toward more modern, less paternal workplace.
- Faw, Bob;
- Rather, Dan
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