It's a standard procedure in merger and acquisition circles. Buy a struggling company, put the "good" assets into a new company, leave the "bad" assets (i.e., pension obligations) in the old company for liquidation in bankruptcy, and load up the new company with debt to pull out the cash. Perfectly legal.
The music industry did bitch about cassettes back in the day. It usually came out when they tried to charge higher royalties and the radio stations refused pay. A settlement got negotiated as the music industry couldn't exist without radio marketing their new albums and radio couldn't exist without music to play on the air.
Read "Hatching Twitter: A True Story of Money, Power, Friendship, and Betrayal" by Nick Bilton, which can be summed up in a Mark Zuckerburg quote: "[the four founders] drove a clown car into a gold mine and fell in." Twitter as a technology was an afterthought as the founders squabble over who would be CEO, spent investors' money out the wazoo and didn't bother finding a way to make money.
Sort of like when you tell us muscle weighs more than fat but then tell us about your flat ass.
I carry my excess weight above my waist. My ass and legs are well-toned from riding a bike for 20 years. According to the experts on Slashdot, I have an "apple-shaped" body. The experts on Slashdot can never be wrong.
You can't bike that much and have 350 pounds of muscle, and end up with a chair-ass.
I rode a bike for 20 years. When I stop riding a bike, I switched to the gym and started weight training 11 years ago. My legs are not the KFC drumstick legs that Chris Christie has.
Slashdot Mirror
It's a standard procedure in merger and acquisition circles. Buy a struggling company, put the "good" assets into a new company, leave the "bad" assets (i.e., pension obligations) in the old company for liquidation in bankruptcy, and load up the new company with debt to pull out the cash. Perfectly legal.
The music industry did bitch about cassettes back in the day. It usually came out when they tried to charge higher royalties and the radio stations refused pay. A settlement got negotiated as the music industry couldn't exist without radio marketing their new albums and radio couldn't exist without music to play on the air.
Anyone remembers the cassette tax?
https://en.wikipedia.org/wiki/Private_copying_levy
Abe.com has copies of that book for $2.99
For one used copy of the dead tree edition for $6.48 (including shipping). Meanwhile, Amazon has 47 used copies starting at $6.46 (including shipping)
Creimer, and you don't get your referral bonus if people buy the book there.
Damn... I was counting on that half-penny.
How many PCs are equipped with a Dell cup holder?
Read "Hatching Twitter: A True Story of Money, Power, Friendship, and Betrayal" by Nick Bilton, which can be summed up in a Mark Zuckerburg quote: "[the four founders] drove a clown car into a gold mine and fell in." Twitter as a technology was an afterthought as the founders squabble over who would be CEO, spent investors' money out the wazoo and didn't bother finding a way to make money.
Someone should make a computer they can wear on their wazoos to track the amount of money blown out of it.
Some VCs are starting to pull out from these unprofitable unicorns.
I don't know where you get the 'didn't budge' bit from.
Last six months of 2016.
Must have cost you a fortune. iBodies are not cheap.
Saving up for the younger version of The Arnold (T-800 model).
Maybe the new investors should talk to the old investors.
BlackRock is an old investor. They probably stayed in to avoid writing off their previous investment as a loss.
Now they are beginning to re-enter the workforce and are counted in the unemployment number.
That started happening in the last six months of 2016 under Obama.
Looks like some VCs got suckered in for a second round of blowing money out the wazoo.
You just can't accept that America is better under Trump.
The economic numbers say otherwise.
It's tough when reality stands in the way of your political views.
What political views are those?
Sort of like when you tell us muscle weighs more than fat but then tell us about your flat ass.
I carry my excess weight above my waist. My ass and legs are well-toned from riding a bike for 20 years. According to the experts on Slashdot, I have an "apple-shaped" body. The experts on Slashdot can never be wrong.
You can try to normalize Trump, creimer, but it just makes you sound retarded when you say such things in public.
If I wrote "Trump Recession" instead, would that have made me sound more intelligent?
I thought unemployment is when you don't have a job. ...am I wrong?
To quote the infallible Ronald Reagan: "A recession is when your neighbor is unemployed. A depression is when you're unemployed."
The Hillary Recession is just around the corner.
Under the Obama Administration, large number of people got added but the unemployment number barely budge downward.
Under the Trump Administration, large number of people get added but the unemployment number goes upward.
Looks like the "Trump bump" is bumping the wrong set of numbers.
Actually you are a fat fuck.
You mean I'm not a fat virgin? Oh, thank God!
You can't bike that much and have 350 pounds of muscle, and end up with a chair-ass.
I rode a bike for 20 years. When I stop riding a bike, I switched to the gym and started weight training 11 years ago. My legs are not the KFC drumstick legs that Chris Christie has.
That's not what a cyclist's ass looks like, creimer.
You're comparing my bony ass to professional bicyclists who had a bicycle seat surgically implanted up their ass?
What content are you planning to market?
Not sure. Slashdot is my fishbowl for this experiment. We will find out in the months ahead.
Are Udummy the ones that are like [...]
Beats me. I'm currently taking a content marketing course. No coding required.
They're still using punch cards for data processing.
Is that why Win10 has been popping up an advertising square for Skype on my laptop? Meh... Not interested.
Your ass is well insulated, creimer, don't worry about freezing it off.
No, it's not. I have a bicyclist's ass. All bone, no padding.