Word: bankrupting
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Dates: during 2000-2009
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ENRON The bankrupt energy firm is worth $66 billion less than in September...
...billion aid package for the industry the first week after the attacks. "I ain't running for election here, pal," he says. "If we had waited another week to publicly acknowledge where we were, we'd still be arguing about it, and a bunch of us would be bankrupt...
...public image. Over seven years, Ogami built up a private Tokyo-based company, G.O. Group, that ostensibly sold merchandise like weight-loss tea and electric juicers. In fact, it appears to have existed primarily to feed his ego while bilking investors out of their savings. The company is now bankrupt, and police are investigating Ogami for swindling hundreds, perhaps thousands, of people. "The whole business?all of it?was baloney," says Inoue...
Funding finally came through, courtesy of the production company Kushner-Locke, but later Kushner-Locke went bankrupt during post-production, and the film’s rights were defaulted to the company’s bank. The bank passed over a distribution offer from Sony Classics, which would have put the film in theaters, in favor of an offer from Blockbuster/UPN, which had a higher up-front guarantee but would only release the film on DVD and television...
...next time you see an analyst on CNBC telling you Company X is a "strong buy" at $30, and Company X promptly goes bankrupt, he wasn't ripping you off - he was just really, really wrong. Which, under the new SEC rules, will still be legal - and still be quite common...