Some "Doomed" Companies
However there were some things on that list that surprised me.
Rite Aid has twice as many employees as Chrysler. Does that mean Rite Aid going down would be a bigger disaster than Chrysler going down. Hmmmm. I think that's kind of like asking What's worse? Getting your head cut off or your torso tore in half? Don't think I'd care for either one.
A lot of them I have never dealt with, though when I was a store manager in a mall, I did love Sbarros, which we had in the place. I have kind of figured that video rental chains would be going down soon because of stuff like Netflix, . . . shades of the buggy whip companies. Our local Blockbuster closed a few months ago, which was a shame because it was my local favorite.
Six Flags kind of surprised me, but I haven't been to an amusement park in a few years.
Some are unavoidable, but still something of a heartache for those who depend on them. Some will have a chance to survive and some of them will.
One thing I noticed over and over though is that a lot of them overexpanded. I think that's a lesson they need to take with them.
The link in the article, 5 missing pieces is also interesting. What he finds missing are ways for us to measure what is happening so we can act accordingly. He and I do not see eye-to-eye but he does make a few valid points. One question he fails to ask, and he really should be asking, is Is the bailout really the best way to go? I know we're supposed to just take their word for it that the answer is Yes, but to put it simply, when choosing between big government and big business, well it's a choice between two criminal syndicates and you're going to lose either way. When it comes to government, business, education, labor, religion, media etc. small is better.