you are viewing a single comment's thread
view the rest of the comments
[–] 53 points 8 months ago

Many of these "business geniuses" do the following:

  • buy struggling business cheap
  • reduce expenses (biggest expense is always salaries, so fire a lot of people)
  • on paper, the business is making money (while the rest of the staff frantically try to survive without enough manpower and with a lot of loss on knowledge and experience)
  • sell doomed business before it collapses (remember: on paper, it looks healthy)
  • source