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Galewolf posted:That has unironically happened in my last job. I don't know how people come to the conclusion that someone already bankrupted one of the biggest companies in its field is a perfect choice for running a company that is ten times bigger, it some serious :pysduck: thing. The goal isn't to run the company well, it's to maximize value to investors. You can make a lot of money for very specific people while running a company face first into the earth's core. For example, Bain Capital bought out Toys R Us--which was turning a profit at the time--using a loan secured using the acquired company's assets as collateral, then hired themselves as consultants to pay themselves outrageos fees while gutting operations to pay back the loan.
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Oct 16, 2020 20:44
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| # ¿ May 16, 2024 07:22 |
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