Sponsored Links

Sponsored Links

Chapter 7
Exports
Goodwill
Series A Round

The Latest Scheme In California: Dissolving Cities

Topics: Bankruptcy, Dissolution, Management, Planning, Sales

Some cities in California are so bloated in debt and other problems they are considering dissolution. Mercury News asks is this The End of Half Moon Bay? Between budget losses and lawsuit payments, Half Moon Bay's financials have become so dire that if a local sales tax measure doesn't pass this November, officials say they may have to disincorporate. City leaders have been using the "D" word for a few weeks now as they try to persuade voters to pass Measure K, a one-cent sales tax increase that would help the city balance its budget with an extra infusion of…

Read More

Here's The Real Problem With Labor Unions

Topics: 401(K) Plan, Bankruptcy, Contract, Management, Outsourcing

As everyone should know by now, my main concern with unions is specifically with public unions. While I do not care for unions at all, and never have, at least with private unions, someone other than corrupt politicians buying votes is bargaining at the other end of the table. In the case of public unions, if politicians strike a bad deal, taxpayers foot the bill. In the case of private corporations, if management strikes a bad deal, the company goes bankrupt, shareholders take a hit, or the jobs move elsewhere, as soon as the contract is up. Except in few…

Read More

Linda MacMahon: "I Don't Think Regulation Is Necessary"

Topics: Bankruptcy, Contract, Goodwill, Risk

Linda McMahon, who made the WWE a huge financial success, has her foot on her rival's neck. Lloyd Grove talks to the GOP upstart about her chances, dead wrestlers, and Mickey Rourke. Wrestling impresario Linda McMahon, the GOP Senate nominee in Connecticut, has been frequently misjudged by her adversaries. A few weeks ago, when one of her Republican primary opponents in which she was shown repeatedly kicking a ref in the crotch, he must have been surprised that she reveled in the image. "Somebody said to me the other day, 'We're going to get you some steel-toed shoes when you…

Read More

More Threads Unravel For American Apparel: Employee Found Dead

Topics: Bankruptcy, Consultant, Public Relations

American Apparel employee Danarichie Lyndon Sindo was found dead in a fifth-floor restroom yesterday , Gawker reports. The 44-year-old Philippines native's death is the latest bad news to hit American Apparel, adding to what Gawker calls the company's "ever-growing list of public relations woes." The company has a lot on its hands besides fashion these days. Among its other current woes: recent talk of its possible delisting, shareholder lawsuits , and rumors it's nearing bankruptcy. That's not to mention the fact the company has the Los Angeles Times quoting Howard Davidowitz , chairman of national retail consulting and investment banking…

Read More

One Entrepreneur Lost $3.5 Billion And His Finance Company -- And Got It All Back

Topics: Bankruptcy, Credit, Entrepreneur, Small Business

Twelve years ago, Bill Bartmann was the 25th richest person in the U.S. But when a scandal hit his debt-collection company, Commercial Financial Services, it collapsed and took Bartmann's $3.5 billion net worth down with it. Now at 61, Bartmann is making a comeback. Inc.com has the full story, but here's the gist: The scandalous downfall In the 1980's, one of Bartmann's colleagues at CFS was convicted of a crime when an anonymous letter was sent to a credit ratings agency. The conviction put his associate in prison for five years and got Bartmann indicted on 58 felony counts. The…

Read More

America's Fastest-Growing Consumer Products Company

Topics: Bankruptcy, Loan, Sales

No. 1 in Consumer Products and Services Scentsy 8,094.1% Three-Year Growth Revenue: $178.4 Million Employees: 424 CEO: Orville Thompson Founded: 2004 Overall RANK: No. 19 Meridian, Idaho scentsy.net Scentsy was Orville and Heidi Thompson's last-ditch effort to avoid bankruptcy. To save their family's specialty retail business, they had spent their last $50,000 on an infomercial for car wax. It brought in $60. At a trade show, Orville met two women who were demonstrating how to use a wickless scented candle they had developed. The Thompsons soon signed a royalty agreement to sell the product. Facing $700,000 in debt, plus an…

Read More

Find the world's best tweeters