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- cross-posted to:
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My only regret is that I have boneitis
That’s the world we live in…
Yep, the guy was frozen in the 1980s, IIRC. That’s when neoliberalism really kicked off and stuff like this started to happen.
Shakes fist:
“RRREEEAAAGAAANNN”
It was reality when this aired. Skeevy business man prioritizing personal gain over societal well-being has been a part of the American fabric for decades. This specific archetype dates back at least to the 80s.
Right? I mean, there’s a reason the joke worked when it aired the first time lol
https://franknez.com/nwbo-stock-citadel-chooses-to-profit-from-cancer-drug-company/
It’s actively happening. These asshole will do anything to steal money
Amateur, you do a leveraged buyout, pay yourself handsomely for the great job you did. And then let the company fail due to the crushing debt you put them under.
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Doomer shit lives here.
So leveraged buyouts which take productive companies saddle them with debt and then strip them of their assets are just a doomer fever dream?
This quote is from an episode in 2002 about a guy from the 80s. Pointing this shit out ain’t new.
