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Wow... I have heard this story so many times. Question is how do you get $300M debt which probably everyone involved knew that it would be written off in short
by sytelus 3y ago
Wow... I have heard this story so many times. Question is how do you get $300M debt which probably everyone involved knew that it would be written off in short order?
- fuzzfactor 3y agoWhen big money changes hands, at least one person on each end gets a bonus of some kind. When it's $300 million the bonuses can be kind of sizable, so everyone else including the shareholders, be damned. The shareholders don't find out until it's too late.