Sounds to me like the EC is following the business model being used by the CEO of Sears Holdings. When Sears was "acquired" by K Mart, a company coming out of a bankruptcy, in an $11,000,000,000 deal in November 2004, it was a thriving company, relatively speaking. The CEO of K Mart, a company that was on the verge of failing, somehow became the CEO of the new corporation. Over the past 14+ years, the corporation has been forced to close hundreds of stores, sell off assets and is now millions of dollars in the red, all of which is being financed through a hedge fund that is operated by the CEO. The CEO is taking home $1 per year as a salary but is making millions through the earnings of his hedge fund while he milks the again failing company for everything he can get out of it. Does this sound familiar?
Last edited by Hydro Junkie; 02-08-2019 at 07:46 AM.