You need a manager to run your new McDonald’s restaurant. You hear about a guy who’s interested in the job. He’s old, but some people think he did pretty well at the last place he managed.
So, you have a trusted aide check him out. How was his business record? Well, businesses he managed went bankrupt six times, and at least seven side ventures he launched failed in a year or two.
Worse, he claims that he used bankruptcy as a business strategy that lost the money of bankers and investors, but allowed him to walk away with a nice profit. His employees who bought shares in his company claim they lost $2 million.
One restaurant he managed was shut down in 2012 because of 51 read more