tag:blogger.com,1999:blog-7321229718141307911.post7062274552537394719..comments2023-10-24T01:44:59.579-07:00Comments on Newshoggers Archive: The President as CEORon Beasleyhttp://www.blogger.com/profile/04442030471061531104noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7321229718141307911.post-24062062910716032382012-06-14T10:44:09.000-07:002012-06-14T10:44:09.000-07:00Yep. You got the idea. I was trying to be charitab...Yep. You got the idea. I was trying to be charitable.<br>John Ballardhttp://profile.typepad.com/john_ballardnoreply@blogger.comtag:blogger.com,1999:blog-7321229718141307911.post-55840097913684257112012-06-14T07:07:43.000-07:002012-06-14T07:07:43.000-07:00"His mission was to buy up troubled companies..."His mission was to buy up troubled companies " OR.. not even troubled companies.. just ones that they could squeeze out a profit from...<br>take a nice litte producer with little debt and good cash flow. instead of spending on maintenance or new equipment, borrow load of cash to pay out in dividends and use the cash flow to pay the interest. suck out as much as you can until the company fails..<br>THEN sell off the parts.<br>Joe Blownoreply@blogger.com