Between 1 billion and 10 billion? Do they have a bookkeeper?
He left for Argentina.....................
Do they have a bookkeeper? Maybe? But they do have a dartboard.
Sounds like they hired one from the government.
Between 1 billion and 10 billion? Do they have a bookkeeper?
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They’re still checking the sofa cushions for loose change.
That was my first thought. We should try that with the IRS or a mortgage company. “I made between $6K and 100K last year.”
In November 2020 the company came close to filing for bankruptcy. Ron Perelman, a private investor, did a deal with corporate raider Carl Icahn to restructure its debt.
This is another example of modern private equity investors and corporate raiders milking a company through a series of financial restructurings, downsizings, and transfers of assets to other entities. Frequently the company is loaded with excessive debt while cash and assets are drained away. Over time the company loses sales and customers as the product quality declines and customer service suffers. Add adverse economic conditions, and these highly leveraged companies are no longer able to survive.