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Have management and equity holders taken their haircut yet? They're the first to grab the money and run when things are going well - they should be the first to take haircuts when the going gets tough. Otherwise, you're privatising profit and socialising risk.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Mar 5th, 2009 at 11:58:32 AM EST
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