April 5, 2010
Is this the new business model for corporations?
Tom S asked:
Issue shares. Get investor money. Then file bankruptcy. Shares are worthless. Then restructure and repeat.
Issue shares. Get investor money. Then file bankruptcy. Shares are worthless. Then restructure and repeat.
Is this the new business model for corporations and executives.
We see this a lot in business these days. Airlines, Nortel, Charter, Sirius, K-mart etc.
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Comments on Is this the new business model for corporations?
It appears to be the number one purpose of going into business these days. Get the business started, build up your employee's hopes , get some money from the government and then close the business, after giving yourself a big bonus package,