Register a SA Forums Account here!
JOINING THE SA FORUMS WILL REMOVE THIS BIG AD, THE ANNOYING UNDERLINED ADS, AND STUPID INTERSTITIAL ADS!!!

You can: log in, read the tech support FAQ, or request your lost password. This dumb message (and those ads) will appear on every screen until you register! Get rid of this crap by registering your own SA Forums Account and joining roughly 150,000 Goons, for the one-time price of $9.95! We charge money because it costs us money per month for bills, and since we don't believe in showing ads to our users, we try to make the money back through forum registrations.
 
  • Post
  • Reply
Galewolf
Jan 9, 2007

The human gallbladder is indeed a puzzle!

Who What Now posted:

This is the 19th company that I have been made CEO of, after the last 18 were all bankrupted and dissolved (don't worry I got severance bonuses each time). I can't wait to destroy everyone's livelihoods when I inevitably bankrupt this company on my way to my next gig!

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.

Adbot
ADBOT LOVES YOU

Galewolf
Jan 9, 2007

The human gallbladder is indeed a puzzle!

Blue Footed Booby posted:

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.

Yeah, clearly he was efficient in keeping the shareholders happy which explains how he managed to get away and rode into sunset, and by sunset I mean another company to run into the ground I guess.

  • 1
  • 2
  • 3
  • 4
  • 5
  • Post
  • Reply