I don't have access to the paper, but the abstract looks interesting: Looting: The Economic Underworld of Bankruptcy for Profit. Sometimes I think that some companies do a business plan around this, or implement it through 20::20 hindsight. Back a few years ago, companies were laying fibre like crazy. Over capacity resulted. Many went 'under' and resurfaced with the assets but less debt overhead after writing investors off.
Sunday, December 28. 2008
Modern Day Vikings
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