Get this. The New York Times owes a billion dollars to creditors. They have $48 million in cash on hand and the $400 million line of credit expires in May. They can’t sell their building or the Boston Red Sox. Woe to them, is this bastion of journalism going away? How can the biggest panderer to the Read the full article…
Consolidations always occur when supply exceeds demand. No amount of bailout money can fix this problem. In the oil business there were too many retail outlets and too many refineries built in the 50’s and 60’s. In the early 70’s when the first oil embargo hit, there was a huge shake out. Thousands of retail outlets Read the full article…
I worked 34 years for the same corporation. We had a CEO who grew the corporation from a Mid-West based refiner marketer to an international production, refining, chemical and marketing company. He selected his successor more than ten years before he retired. The successor was anointed. He was told he would be the CEO when the current Read the full article…
