Vampires is great way to describe them. Out of the debt they use to buy the company, they pay themselves huge “management fees”. So they are taking on crazy debt to buy a company, paying themselves millions, and leaving the bank a rotten corpse to clean up.
I really don’t understand who keeps giving these people money?
Vampires is great way to describe them. Out of the debt they use to buy the company, they pay themselves huge “management fees”. So they are taking on crazy debt to buy a company, paying themselves millions, and leaving the bank a rotten corpse to clean up.
I really don’t understand who keeps giving these people money?
Unscrupulous people who don’t mind making money off of the suffering of others.