De,
as former owner of two companies that were corporations, I can assuredly tell you that chief executives that do the kind of stuff you are describing , and many do, should never be allowed to be the decision maker in that company or any other for that matter.
Sound and conservative business practices for the most part are tried and proven to work. Those who engage in adding more and more debt to payoff on the "what if" notion that our sales are going to increase (how about the margins? )
so we should have no difficulty remaining solvent.
The level of stupidity I see in today's so called leadership with easy money abundantly available is just incredible to me.
Back in the mid 1980's I had a serious downturn in business because my largest customer had suddenly and without talking to me, made a change in their operations that reduced our sales to them by about 90 percent.
I was able to get with their President and discuss what was going on and get a firmer grasp of the long term effects from that.
My next move was to look into maerjets and prospective customers we did not do business with and started making appointments across America to go and have face time with them. I was successful in bringing on board ALL of them and within a matter of of 4 months our cash flow vastly improved and I repaid the bank the money we borrowed and after a year I had a mortgage burning party.
So no the physical building was not costing me a large amount of money every month either.
Running a company is not rocket science or require a genius. But what a lot of these pinheads do is always bet on the future.. THAT is a huge mistake..
So that is exactly why the things that you described in your post occur. PINHEADS for corporate heads.
I am so glad those decades are well behind me and I am not spending my days and weekends working on running the corporation. I just can;t believe all the dumb stuff these other folks do today size of company notwithstanding. Its almost like they have no clue about ramifications of their actions.
Wow.
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