Quote:
Originally Posted by Dragoneye
The problem with that is, if the courts view the above company as irresponsible and/or incapable of manging itself, they liquidate it. Sell it off in bits and pieces. This won't happen with GM...but that's why companies don't look kindly on bankruptcy.
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But Is that not what GM has done for the last 30+ years to them selves and are still doing, ie taking to mach $ that no way in hell can be re payed back.
I run a small company and if times are bad we let go of employees as fast as need be we look 1 a month to see if we are over staffed.