I worked by a business owned by four brothers once, the company was doing okay, had a couple hundred thousand on hand. One day one of the brothers decided to take a $100,000 dollars and buy some stock in a start up company that wouldn’t give any returns for at least 20 years, he figured in 20 years this would help the long term benefit to the company.
The others saw this and thought that is not fair, so one of them took a $100,000 and bought a bunch of company equipment, trackors and such thinking he was helping the company to grow, the last two saw this and thought that is not fair.
By this point the company was hurting because that cash on hand was meant to operate the company, buy parts, supplies so they could keep making money.
Well the next two took out loans putting the company a few hundred thousand in debt, each had their own plans on how to help the company but in the end they caused it to go bankrupt.
While everyone had good intentions the fact is the 1st one NEVER should have spent that money to begin with, nor should each of the later ones.
I left when paychecks started bouncing, it really reminds me of the feds. One Administrator racks up a bunch of debt, then the next adds on to it claiming the previous one did so they are entitled to as much debt if not more. Problem is the first one NEVER should have racked up that much debt in the first place, the next administration should have been more responsible and lowered the previous ones mistakes, not made things worse.
Anyhow, good day to you all!
Aug 21, 2015
Mar 2, 2018