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Yup. They'll borrow huge sums on the credit and good basis of the company, and then "charge it" all to themselves as "management fees", vacuum it dry, and dump
by FireBeyond 9mo ago
Yup. They'll borrow huge sums on the credit and good basis of the company, and then "charge it" all to themselves as "management fees", vacuum it dry, and dump the company.
- lotsofpulp 9mo agoThe implication here is that there exist lenders willing to lend money that they will never get back. Who are these lenders, and why are they so bad at their job that even random commenters online know the folly of their business?
- FireBeyond 9mo agoIf you are a large business, you likely have multiple lines of credit already establish, potentially into the hundreds of millions or more range. Those are backed by the organizations credit and assets, and aren't likely to be yanked just because the organization has a new owner.