3 ms·
They won't "go under". Force them into bankruptcy, someone buys them and assets out of bankruptcy. Management learns that there are huge ramifications for poor
by czbond 7y ago
They won't "go under". Force them into bankruptcy, someone buys them and assets out of bankruptcy. Management learns that there are huge ramifications for poor management decisions prioritizing investors short term wants vs business long term needs.
- magduf 7y agoSounds good to me. I'll bet there's some Chinese airlines that would like to expand their operations and have the cash to do some buyouts.
- secstate 7y agoNot sure if you meant this sarcastically, but if that happens, fuck it. This is the world we made. To pretend we have free-market capitalism while propping up shitty business practices with tax-payer sponsored bailouts is not free-market capitalism. Institute laws about foreign governments buying up bankrupt assets or something. But for the love of god don't just bail them out. This is the same as scolding a child hitting their sibling and then giving them a fucking cookie. Then when they keep hitting people, at least have the sense not to be confused why they don't learn.
- magduf 7y agoAfter seeing how Boeing and American-run airlines operate, I'd have a lot more trust in Chinese-run airlines and airplanes than anything run by American managers.
- viklove 7y agoA Chinese airline cannot run domestic routes in the US. You seem to know very little about travel regulations.
- magduf 7y agoWell then maybe that law needs to be rescinded.
- AnimalMuppet 7y ago"It is good to kill an admiral from time to time to encourage the others." It is good to destroy incompetent, short-sighted management from time to time, to caution the others.
- czbond 7y agoFunny enough - I thought you were serious and agreed with me - and just found out you were being facetious. ;)