Bankruptcy is Us

[tw]

Long on my list of companies trying to bankrupt themselves have been Sears/Kmart, Radio Shack, and Acme. Two are well on their way. In all three cases, business school graduates have been claiming profits by closing stores. Because the purpose of those companies is to enrich the central committee of the communist party - also called top management.

In Sears, the top man bought it to profit from Sears large real estate holdings. He only was there to enrich himself - at the expense of Sears, Kmart, its employees, and America. Looks like he is almost finished.

GM is doing same. To claim more profits, they may be finally selling Opel and Vauxhall.