This was moderated as off topic in another thread last year. It is not off topic here
I came across this timely podcast today. It's fresh published yesterday
https://freakonomics.com/podcast/is-this-the-worst-job-in-corporate-america-or-maybe-the-best/
"John Ray is an emergency C.E.O., a bankruptcy expert who takes over companies that have succumbed to failure or fraud."
"plan for rain, pray for sun"
The key reasons companies fail:
1. Over-leveraged
2. Fraud
3. Plain stupidity
Which one (or more) is it?
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Class Action, page-548
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