Saturday, May 07, 2011

companies buying each out

Something hit me.. There is a company that bought an other company. It was in the music industry and I can not find it. It seems like they bought the company for I would say for roughly 3 billion dollars. It seems like part of the buyout was 2 billion dollar in debt. What I am wondering about is simple - who is going to pay the debt for this company. Is it going to do this on the employees back and the consumers cost? How can this country going to survive if all these companies are so deep in debt? Management has been pulling this a long time as it is one way to make money. Again when are the rules be changed to do something besides putting these huge debts on the Employees and the consumer. What can be done about this way of the Corporations. I have written about this previously and I ca not see where anybody is doing anything about it. The Management of corporations and holding companies is not being held accountable for their actions. Don't some of these CEO's belong in jail. Yet if a person steals a candy bar they could get life imprison, I know this seems far fetched but it possible under the modern day laws. Enough said as I can not do anything about it but it is interesting to write about it.

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