Full-Junk-Bond-Retard: Company Taps Debt Market To Pay $30 Million Golden Parachute
Oh, Jesus.
Everyone knows - intuitively - that it's a terrible idea to throw good money after bad. And yet people still do it. All the damn time.
Just look at the IMF and Greece. Or at how investors and Wall Street threw some $6.6 billion at equity offerings from US energy companies in January.
With the IMF, it's simply a case of trying to avoid the global market meltdown that would almost invariably accompany a sovereign credit event. In the case of investors' propensity to plug the US e
That’s it I’m calling the top. This is getting fucking ridiculous.
WTFu*k. Of course this guy Kestenbaum lost this company $$$$ and gets his 5% stock and (WAIT FOR IT) a $$$$30,000,000.00 Golden Parachute to boot. BOY that is good business acumen. Where do I sign-up.
“What’s more, the company is expected to post an annual loss for the calendar year.” … Hey–it’s not like 1999 … the company actually has revenue, right???