QUESTION Toys R Us - How Bad Assumptions Fed Bad Financial Planning Creating Failure
Toys are us was yet another LBO deal.
I think these should be illegal. It's one thing to try to be a successful business and fail, but it's another to skeletonize a company, saddle it with unpayable debt, then leave debtors who have trusted you to pick up the tab while the capitalists run off with millions.
thoughts????? Am I missing something that lends this any moral ground???
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Feel free to reply to any comment by clicking the "Reply" button.Capitalism - a great system for thieves, robbers and bandits (all legal, of course)
bolshevik41
Level 5
Mar 24, 2018
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