Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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From: tejek	12/9/2008 5:22:49 PM
	Read Replies (2) of 1575929

More reasons why BK doesn't work: "This is why BK reorganization frequently doesn't work. The first thing I do when I get a customer whose company is in BK is double the price I would normally charge them and shorten the terms, if not demand upfront payments. You have to in order to cover the risk of doing biz with them. Who, in their right mind, would want to stay on with a company that has been basically taken over by the Federal government and under intense political pressure not to pay people what they were promised in the past? Anyone who can leave, will, anyone who has nowhere else to go will stay, which means they lose all the best people and get stuck holding all the worst performers... so the company goes into a death spiral. This is also the real reason why government bailouts don't work."

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