Just read Bigal's lengthy write-up and was very impressed....the thing I came away with after reading it (other than that it made good sense) was that it just seems as if money burns holes in PB's pockets....he just couldnt seem to put any aside for contingencies. Being proud of having 400 employees and four divisional presidents with him at the top as the king when you had absolutely no cash flow (I dont count Gulf Oil because it needed drilling at costs equivalent to income just to stand still) just seems absolute madness!
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