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Unformatted text preview: the business cycle has turned down. They should make a concentrated effort to tighten their belts during these slow periods and just wait them out, with the knowledge that they will be profitable again, instead of borrowing heavily risking other peoples money to get through. When a company files for bankruptcy protection, the investors usually have little recourse to recoup their losses. However, most investors understand and accept the risks associated with investing, so they dont invest what they cannot afford to lose. The employees, on the other hand, who are working for a living because they do not have the excess funds sitting around waiting to be invested; they lose their jobs if the company goes under, and have nothing....
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This note was uploaded on 10/18/2011 for the course LITERATURE LIT 101 taught by Professor Stault during the Spring '11 term at Albany State University.
- Spring '11