Word: bankrupting
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...letter to Yaeger, Margie says, "I didn't cry when I wrote it, and I haven't cried since I wrote it, and I don't intend to cry because if I started crying, I never would stop." As a legal matter, the Brauers were declared bankrupt on Tuesday, July 29. Their house, their 228 acres outside Norlina, N.C., and their 111 head of cattle will be sold shortly. At the end of last week they were still living in the house, hoping they might be able to rent it from the buyer, whomever that turns out to be. Failing...
Lauren hired Strom in 1972, in the midst of near fatal financial growing pains. Even though Polo's revenues were galloping ahead at the time, Lauren suddenly discovered that his enterprise was almost bankrupt because of poor financial management and the costs of headlong expansion. To save the company, Lauren pumped his entire $100,000 savings into the firm and offered Strom a share of the business to come aboard from a management job with Norman Hilton, Lauren's early patron and manufacturer...
Prosperous neighbors feel guilty. Bankrupt neighbors feel ashamed. Farmers who can afford new machines won't buy them, lest they embarrass friends. Machinery dealers go broke. Bankers anguish and hesitate -- and fail...
...Paris suburb of La Courneuve. As a teenager he helped support his family by hauling burlap sacks of coal. Tapie first went into management consulting, but soon began starting new companies. His first few ventures failed disastrously, but in the late '70s he suddenly discovered his forte: rejuvenating bankrupt businesses. Thanks to his talent for turnarounds, Groupe Tapie, which turns out bicycle parts, designer clothing and dozens of other products, now operates 116 factories in 28 countries...
...cook with a circus bound for broke. Cooking led to a truck-driving job, then magician, then fire-eater ("It's just basic common sense. Heat rises. Keep the heat going up. Keep your mouth wet--and your mustache trimmed"), then sideshow manager, then ringmaster. Then the show went bankrupt. Judkins' last task, in December 1977, was to return an elephant leased from D.R. Miller. Hauling a rented trailer that the elephant was systematically reducing to bits, Judkins reached Hugo penniless and hooked on for the winter, cleaning after the beasts...