Yeah, but there was some issue with them not being able to provide certain bits of information in time and the original deal fell through hence why they applied for Chapter 11.
I bet this Prizm fund lost it's shirt in the global meltdown and was milking the 3 chains for all it's worth.........
Speaking of finances etc, I was watching Bill Maher again last night and he was on again about how the rich just keep getting richer and how the wall street bigwig's salaries went up exponentially after they were bailed out with public money and how so many middle class are now heading for the poverty line.
Then I read the story about Frank Stronach is stepping down/retiring from Magna and guess what his salary was? $61M fricken dollars. SIXTY ONE MILLION DOLLARS I don't give a rat's ass how good he is, there is NO position in ANY company worth over $60 million fucking dollars.
I don't know about the rest of you, but any large(ish) company I ever worked for the president didn't actually do much. Sure they "over saw" the operation but when it comes down to brass tacks and who actually makes the company profitable and work, it's the middle and lower management types. It has been my experience that the ones who fuck UP a company are the big cheeses. Left to our own devices the peons can actually make a company flourish.
HOLY CRAP:
" I believe regulators have put in place excessive rules that stifle the market's creative forces โ namely, the innovative managers, entrepreneurs and inventors who are the engines of new wealth creation,โ
New wealth? New wealth for the wealthy, certainly not the peons that's for sure. IMO it is people like Stronach who stifle the growth or wealth for small enterpreneurs......