http://www.usatoday.com/story/money/business/2015/06/14/colt-chapter-11/71228058/

You know their circling the drain for many years, and you're powerless to stop it.
Life and business are both hard, but add a penchant for self destruction and the outcome is not a matter of if, but when.

That was a great comparison!

another bunch of lenders taking a loss because of poor management - but the lenders should have known better...hate to see an old name like Colt go through this mess even if they did do it to themselves.

culture people they could do much better.

--
Of the Troops & For the Troops

...fell into the hands of "MBA as a "career" leaders who were educated with a left/liberal social outlook, but also possessed by absolute ruthless piracy as their soul. Not everyone; not everywhere. But I noticed the beginning of the shift 30+ years ago in SoCal. The jargon has changed words, but not the intent: own and rule as part of the ruling class at all costs. "All costs"...including the destruction of those who oppose you socially or politically. Your choice of entertainment, or career, somehow becomes 'somebody's business. JMO.

Too bad there's no "LIKE" icon/prompt here, I like that post Mr. Meeker.
bob

x

I got this in my e-mail today:
http://shop.colt.com/default.aspx?utm_source=Retail+Email&utm_medium=Text&utm_c...

I recall having this conversation last week at least once.

But hey the management all got stinking running Colt into the ground.

That seems to be a common theme among a lot of large businesses lately.