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(The Street)   A: Take over company. B: Sign exclusive vendor deals with your own subsidiaries C: Load it down in debt D: Issue IPO and profit   ( thestreet.com) divider line
    More: Interesting, Blackstone Group, SeaWorld, vampire squid, David Peltier, technical analysis, money management, ETFs, IPO  
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3715 clicks; posted to Business » on 30 Dec 2012 at 2:05 PM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



33 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2012-12-30 12:54:52 PM  
pixel.nymag.com
 
2012-12-30 01:00:43 PM  
assuming your eyes don't glaze over while reading that, you'll just end up wanting to hit something when you realize what was being done.
 
2012-12-30 01:02:59 PM  

cretinbob: [pixel.nymag.com image 368x246]


It is good to see he's back to work again.  I was getting a bit worried about him
 
2012-12-30 01:11:51 PM  
assets0.ordienetworks.com
 
2012-12-30 01:16:44 PM  
Ah, the glorious free market. I'm sure glad we live in such a paradise and so many fight to see this happen more and more.
 
2012-12-30 01:39:09 PM  
I'm sure this tactic is absolutely essential to free market prosperity and freedom.
 
2012-12-30 01:48:40 PM  
WHY is anyone lending these people money in the first place?
WHERE is the due diligence from the lenders??
 
2012-12-30 02:17:11 PM  
Crony Capitalism at its finest!
 
2012-12-30 02:31:17 PM  
It seems like they do this to such random companies... I wonder how they select a investment target to take over?
 
2012-12-30 02:38:02 PM  

namatad: WHY is anyone lending these people money in the first place?
WHERE is the due diligence from the lenders??


Did you see the part about Goldman Sachs being in on it?
 
2012-12-30 02:38:51 PM  
First thing I thought of when I read the headline was Bain.

First thing in the thread is Romney.

I'm glad I'm not the only one.
 
vpb [TotalFark]
2012-12-30 02:41:17 PM  
But they made all that money by working hard right?  It would be unfair to punish them by making them pay taxes on it.
 
2012-12-30 02:52:29 PM  
Remember when businessmen and women bought companies to actually improve and to grow them?  Good times... good times ...
 
2012-12-30 02:57:30 PM  
And when it implodes, America will blame some union somewhere.
 
2012-12-30 03:02:08 PM  
Since then, it has increased the company's debt load to pay itself two dividends worth a total of $610 million.

Why is this legal? If you're not making a profit, you shouldn't be allowed to pay dividends.
 
2012-12-30 03:16:19 PM  

LouDobbsAwaaaay: And when it implodes, America will blame some union somewhere.


exactly!  see, now you get it.
 
2012-12-30 03:52:28 PM  

rdu_voyager: Since then, it has increased the company's debt load to pay itself two dividends worth a total of $610 million.

Why is this legal? If you're not making a profit, you shouldn't be allowed to pay dividends.


I see your new here.
 
2012-12-30 04:04:11 PM  
cretinbob:

What's ironic is that while you are mocking he had a plan for Mass to reel in drug companies doing this shiat and Obama care does nothing to fix this kind of shiat. Which is the real problem with health care, not having insurance is a small microcosm of the situation.
 
2012-12-30 04:05:53 PM  

LouDobbsAwaaaay: And when it implodes, America will blame some union somewhere.


No this falls squarely on politicians who refuse to address this issue because the lobbyists keep lining their pockets to ignore what they have been doing for years.
 
2012-12-30 04:13:22 PM  

steamingpile: cretinbob:

What's ironic is that while you are mocking he had a plan for Mass to reel in drug companies doing this shiat and Obama care does nothing to fix this kind of shiat. Which is the real problem with health care, not having insurance is a small microcosm of the situation.


You know those painkillers you're taking for your "back problems"? You don't want to post on fark right after you've taken those.
 
2012-12-30 04:42:50 PM  

Mentat: Did you see the part about Goldman Sachs being in on it?


Good thing they have enough friends in the right places that blatantly unethical securities practices will never get them in trouble.
 
2012-12-30 05:12:51 PM  
images1.wikia.nocookie.net

I prefer explosives.
 
2012-12-30 06:44:11 PM  
i759.photobucket.com
 
2012-12-30 06:50:34 PM  

rdu_voyager: Since then, it has increased the company's debt load to pay itself two dividends worth a total of $610 million.

Why is this legal? If you're not making a profit, you shouldn't be allowed to pay dividends.


Because if you could only pay dividends if you were making a profit, suddenly most of the corporations in America would no longer be making a profit. Creative accounting can nullify actual profits. According to the books, 'Star Wars' (the first one) hasn't made any money.
 
2012-12-30 07:46:24 PM  

mcreadyblue: rdu_voyager: Since then, it has increased the company's debt load to pay itself two dividends worth a total of $610 million.

Why is this legal? If you're not making a profit, you shouldn't be allowed to pay dividends.

I see your new here.


Eye sea you're knew hear.

/pet peeve
 
2012-12-30 08:04:51 PM  
Massive shell game leaving a shell behind.

So, the Seaworlds will close mid 2015?
 
2012-12-31 12:46:16 AM  

Weaver95: LouDobbsAwaaaay: And when it implodes, America will blame some union somewhere.

exactly!  see, now you get it.


It's actually a non-union company. I work seasonally for one of their parks, and one of the first things they tell you is that there's no unions.
 
2012-12-31 09:48:34 AM  

Metalman71589: It's actually a non-union company.


Then they'll blame Obamacare, the EPA, and animal protection laws. If you actually have to treat Shamu well, pay the handler more than $8/hr, and not be able to dump whale shiat wherever you want, how are you supposed to make any money?

We really need something that says a company that gets purchased can't be indebted its own price tag. We really can't trust the bankers to think that's a bad idea on their own no matter how many companies it kills.
 
2012-12-31 09:59:27 AM  
I'm pretty sure this is a poster child for why Trickle Down Economics has failed...

... Everyone at the top got greedy and dammed up all the trickling.
 
2012-12-31 02:35:26 PM  

Another Government Employee: Massive shell game leaving a shell behind.

So, the Seaworlds will close mid 2015?


They'll get auctioned off at a bankruptcy so the game can begin again.
 
2012-12-31 05:31:46 PM  
It takes a true captain of industry to sink a ship that big! They can pull the bootstraps hard enough to reach the moon! If we liquidate the assets and fire all the employees all that's left is profit!!!
 
2013-01-01 09:00:30 AM  

Mentat: namatad: WHY is anyone lending these people money in the first place?
WHERE is the due diligence from the lenders??

Did you see the part about Goldman Sachs being in on it?


Other people's money art work.
 
2013-01-02 07:25:07 PM  

Hagbardr: mcreadyblue: rdu_voyager: Since then, it has increased the company's debt load to pay itself two dividends worth a total of $610 million.

Why is this legal? If you're not making a profit, you shouldn't be allowed to pay dividends.

I see your new here.

Eye sea you're knew hear.

/pet peeve


Well played, sir!
 
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