Friday, September 3, 2010

brutal NZ debt billionaire looking to make huge profit by buying IL co, sacking most of employees

Yeah its business as usual; however I was drawn to the line about the billionaire being a former tow trick driver. Turns out hes just another douchbag that buys heavily leveraged companies, slashes the workforce to its bare minimum and sells the company for a huge profit. Wreck lives, make money, move on to the next target, repeat, and rinse.

source http://www.nytimes.com/aponline/2010/09/03/business/AP-AS-New-Zealand-US-Hart.html?_r=1&dbk

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