Being an executive is a job also. If you fail at it you can
get fired just as easy as anyone else. A lot of this comes
from robber baron companies. But sooner than later they will
fail, (naturally). You can only monkey with the balance sheet
for so long. Then you have to go to Washington and try to get
to prop you up. Which isn’t natural at all.
Excellent post and good points....yes eventually bad companies will fail....and lets hope they do not ask for bailouts from Uncle Sam.
Federated Stores have a history of bad performance....a few of their former holdings have tanked in the past