With $600,000,000 in debt, the Wall-Street-traded firm owning the CST and other stuff... well CRY ME A RIVER!
Their previous owner (Hollinger International) was a significant contributor to their present bankruptcy.
Outstanding IRS bills...
Hello? CEOs? Are you deaf, or just plain STOOPID?! (My vote is for "STOOPID!")
Excessive debt (when you don't have the ability to print money) will kill 'ya! (In this case, it was indebtedness to the government. Reckon the feds'll take it over? Wow! What a spooky idea, eh?)
Conrad M. Black, the former owner was convicted in 2007 of fraud and obstruction of justice, and the CST under his mismanagement owes the IRS over $500,000,000 - 500 MILLION in taxes from '96 - '03.
Their stock closed trading around 2 cents per share. (See what I mean about being beholden to stockholders, and NOT the community?)
Well... cry me a river! Thieving owner! Why have the stockholders not filed a class action lawsuit against his sorry self? Could the feds go Sarbanes-Oxley on him? Well?
With $600,000,000 in debt, the Wall-Street-traded firm owning the CST and other stuff... well CRY ME A RIVER!
ReplyDeleteTheir previous owner (Hollinger International) was a significant contributor to their present bankruptcy.
Outstanding IRS bills...
Hello? CEOs? Are you deaf, or just plain STOOPID?! (My vote is for "STOOPID!")
Excessive debt (when you don't have the ability to print money) will kill 'ya! (In this case, it was indebtedness to the government. Reckon the feds'll take it over? Wow! What a spooky idea, eh?)
Conrad M. Black, the former owner was convicted in 2007 of fraud and obstruction of justice, and the CST under his mismanagement owes the IRS over $500,000,000 - 500 MILLION in taxes from '96 - '03.
Their stock closed trading around 2 cents per share. (See what I mean about being beholden to stockholders, and NOT the community?)
Well... cry me a river! Thieving owner! Why have the stockholders not filed a class action lawsuit against his sorry self? Could the feds go Sarbanes-Oxley on him? Well?