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But can they "sell it for scrap" for more than they bought it in the first place?
by prmoustache 3y ago
But can they "sell it for scrap" for more than they bought it in the first place?
- coldpie 3y agoPresumably, or else they wouldn't have bought it. Plenty of ways to make a profit while hollowing out a company: fire as many employees as possible, steal as much as possible from their employees and vendors, raise prices on customers, make closing customer accounts as difficult as possible, do some silly accounting tricks to make someone else hold the bag, try to find someone to fob off the brand name to for a few bucks once there's nothing left to extract. The usual stuff, they know the routine.