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You're right, I was taking issue with the article quote that api embedded, and the notion that getting rid of people who knew what they were doing, assuming it'
by krisdol 11y ago
You're right, I was taking issue with the article quote that api embedded, and the notion that getting rid of people who knew what they were doing, assuming it's true, was the cause of VZ's current catastrophe. I think they could have had the most well-oiled oil-pumping machine and they would still be in financial ruin, as has happened to countless corporate oil companies in the US.
- AnimalMuppet 11y agoTrue. If you set your expenses to match your expected income, and your income is from oil, and the price of oil falls spectacularly, you're in deep trouble. It doesn't matter whether your expenses are social programs (Venezuela) or loan payments (frackers), you're just about doomed either way.