Attends Booz le cadavre de PRIVATE est encore chaud tu exagères, ils viennent juste de remplire le formulaire de la faillite ils ne sont pas encore déclaré en faillite !! peut être y aura-t-il un repreneur miracle!!!

In 2000 the value of the company was 785 Million $ !
And Berth didn't want sale anything he just had 80 % of the company for himself via hidden company which is illegal on stock market, but anyway when you see on the 12 years of stock market history, the possibilty he had in his hands and the actual value, you can understand which mad mistakes he did !!!

PW

It's more damaging than any piracy or theft.... so many companies are destroyed internally this way. I often wonder how a man (or woman) that has the ability to grow a small empire can allow for it's failure.

At some point you have to assume he was aware of this inevitable outcome, but more interested in squandering the cash for himself to care...

Very sad.

rafale wrote:... I often wonder how a man (or woman) that has the ability to grow a small empire can allow for it's failure.

The first generation start the business, the second content to preserve and consolidate the gains and the third decline.

Berth Milton Senior retired only in the late 90's.

davidc wrote:

Attends Booz le cadavre de PRIVATE est encore chaud tu exagères, ils viennent juste de remplire le formulaire de la faillite ils ne sont pas encore déclaré en faillite !! peut être y aura-t-il un repreneur miracle!!!

Le cadavre est un plat qui se bouffe chaud!

J'adore ce film, à la fin un des mec trouve une nouvelle combien, aller aux enterement pour se choper les veuves épleurées.

Booz wrote:

rafale wrote:... I often wonder how a man (or woman) that has the ability to grow a small empire can allow for it's failure.

The first generation start the business, the second content to preserve and consolidate the gains and the third decline.

Berth Milton Senior retired only in the late 90's.

I see, the Genghis Khan story...

In fact there it's only two génération and Berth Milton senior was already in bankrupcy when Berth Milton junior got all the company for ... 1 SK !!!
But in 1995 ( maybe because of me, who knows ! ) there was 150 000 000 SK of cash flow in the company, and has I said in 2000 the stock marlet value went to 785 M$ !
But the stock market value and the truth are often differents things and from all time the little junior mixed the company account with his personnal account !!!
Today comes the result of all this ...

PW

Anyone with the ability to run a business - even for this length of time - should have enough sense to know that this poor money management decision will inevitably lead to the death of the company.

I am always curious of what motivates people in this situation. Maybe he’s simply tired of the business and has enough money that he does not care the outcome. Maybe since it’s an inherited business, he does not treat it the same as he would if it were his own creation. Maybe simple greed. Surely it's not a matter of thinking he could continue managing in that fashion.

As you said, sad for the employees.
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Well it is receivership so it doesn't mean the end yet, but often times the company just sees that the best option is to liquidate the company's assets.

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