“Mr. Mnuchin was on the board of Sears for the past 11 years, throughout its devastating decline. He is resigning now, letting the ship go down without him. Besides, he has already stolen the silver. How do you destroy a business? It’s not that hard. Rather than invest in new people and new methods, you take the money for yourself. It is even more attractive if you can borrow a lot of fake money at ultra-low rates against the company’s credit… pay it out to yourself and other financiers… and then jump ship, leaving the company, its employees, and its creditors to drown in your debt.”
http://bonnerandpartners.com/how-do-you-destroy-a-business/
(Visited 33 times, 1 visits today)
Related posts:
Georgia required woman to get vaginal exam to correct birth certificate error
Michigan's Allegan County Passes Anti-NDAA Resolution
Justice Department sues Florida over ‘deliberate indifference’ in treatment of disabled children
Colorado man charged with two felonies for killing raccoons
How the US Air Force Wasted $1 Billion on a Failed Software Plan
Developer warns: Take Twitter “write access” at your own risk
Oakland’s creepy new surveillance program
Chilean Nightclub to Pioneer Bitcoin in Latin America
"What is the Fed's Future?" with Roger Garrison
IMF Head Foresees the End of Banking, Triumph of Cryptocurrency
Interest-Rate Market Going Berserk
"Boomerang Foreclosures" Are Back As Bernanke's Second Housing Bubble Begins To Pop
15 Percent of Malls To Close Due to Online Shopping?
My journey from war to peace
The Google Executive Chairman on Private Drones vs. Government Armed Drones