Quote:
Originally posted by EscortBiz
Its the corporate world thats fuckd up when it comes to this shit
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I agree, any business with even the smallest revenue stream can survive if you manage it right. Shrinking revenue, no revenue, missing revenue...it doesn't make a difference if you keep your eye on your cashflow. It's the Fucks like WorldCom & Enron who are out to line management pockets with as much $$$ as possible from creditors/investors that go bankrupt.
Like WorldCom/MCI, with 100 million customers paying monthly phonebills, can't make a go of it. Give me a break and manage your fucking business!
All these CEO Clowns running large corps get pie eyed thinking they can rule the world with future revenue but first they have to borrow a hundred gazillion and piss it away on marketing. Big surprise when the revenue doesn't show up and they run for Chpt 11 shelter. It wouldn't fucking happen if they were working with their own money.
Comdex, the biggest tech trade show going, didn't see the (2 yr old) tech slump coming? In 2003? As fucking if! Just another group of LearJet flying, fancy wine swilling, expense account padding, marketing types that have no business running a business.
PS. I own 20,000 shares of Global Crossing so I'm a little bitter.