View Single Post
  #5  
Old 06-27-2020, 11:38 AM
Grizzly Adams's Avatar
Grizzly Adams Grizzly Adams is offline
 
Join Date: May 2007
Location: Central Alberta
Posts: 21,399
Default

Quote:
Originally Posted by marxman View Post
How can a company with such success in sales go bankrupt. I read an article which said the holding company which owned them somehow offloaded a bunch of debt on them and let them sink, I forget the details and don't know if its accurate but there has got to be something funny about a hugely successful outfit in sales can't bring in enough money
Yup, it's about Venture holding companies and maximizing profits. The actual company that produces something of value is just a tool to be manipulated.

Grizz
__________________
"Indeed, no human being has yet lived under conditions which, considering the prevailing climates of the past, can be regarded as normal."
John E. Pfeiffer The Emergence of Man
written in 1969
Reply With Quote