4 ms·
It's incredible gymnastics we've seen business leaders achieve in the last 3 years. I can't tell you how many times I've heard the numerous renditions of "we're
by Aromasin 4y ago
It's incredible gymnastics we've seen business leaders achieve in the last 3 years. I can't tell you how many times I've heard the numerous renditions of "we're struggling because of SARS/Russia/Energy/Supply-Chains/China/Trump/etc". Not once have I heard "we're struggling because we focused on big bonuses and dividends instead of growth and business security, and we are seeing the repercussions of that". Poor preparation leads to piss poor performance. Basic business acumen.
- worik 4y ago"When the tide goes out we all learn who was swimming naked"
- Atlas22 4y agoWhile very true, sometimes failure/shutting down/bankruptcy is a deliberate decision as it maximizes profit elsewhere. <the latest crisis> is just an excuse to save reputation for an action a large portion of the population would view as pure greed void of morality. Its fairly common in the startup world in the form of being acquired by companies like amazon/google/microsoft and then shutting down not long after. The acquiring company gets many benefits from this including substantial realized tax losses (among many other tax opportunities), accelerated absorption of assets (or cash if they liquidate), customer relationships, and valuable employees, etc. This can be especially profitable for large companies during poor economic times as they can acquire at usually significant discounts.