Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
Negotiations
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="dudebro" data-source="post: 5641630" data-attributes="member: 11234"><p>Wall St. often operates on the "bust out" model the mob used. It's just legal for Wall St. </p><p></p><p>Get control of a business, talk them into debt they can finance with either cash flow, or an unrealized asset they're sitting on (like city real estate), so they can "transform" the business. </p><p></p><p>Pay yourselves consulting fees and bonuses for the infusions of cash along the way, and when the business is bankrupt and banks won't lend them any more money, bust the joint out, i.e. chop the business up and make a commission selling the pieces. </p><p></p><p>Blame the failure of the company on management (after all, they let you talk them into all the debt), then swim around in the water for the next victim.</p></blockquote><p></p>
[QUOTE="dudebro, post: 5641630, member: 11234"] Wall St. often operates on the "bust out" model the mob used. It's just legal for Wall St. Get control of a business, talk them into debt they can finance with either cash flow, or an unrealized asset they're sitting on (like city real estate), so they can "transform" the business. Pay yourselves consulting fees and bonuses for the infusions of cash along the way, and when the business is bankrupt and banks won't lend them any more money, bust the joint out, i.e. chop the business up and make a commission selling the pieces. Blame the failure of the company on management (after all, they let you talk them into all the debt), then swim around in the water for the next victim. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Union Issues
Negotiations
Top