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And be certain to listen to the end, where Joe shares how, in the early stages of United Capital and during the 2008economic crisis, a private equity investor failed to fulfill their funding commitment and forced Joe to not only raise capital for his firm, but forced a decision to cut executivecompensation by 70% so he could avoid instituting mass (..)
During a recession, this number obviously goes up (136 and 210 filed for bankruptcy protection in 2008 and 2009, respectively) but drops in times of economic expansion (58 and 64 filed in 2018 and 2019, respectively). On average, around 80 public companies file bankruptcy each year.
During a recession, this number obviously goes up (136 and 210 filed for bankruptcy protection in 2008 and 2009, respectively) but drops in times of economic expansion (58 and 64 filed in 2018 and 2019, respectively). On average, around 80 public companies file bankruptcy each year.
In an article Roberts wrote, Do the Rich Get All the Gains from Economic Growth? , These numbers are very easy to manipulate depending on what story you want to tell Cullen Roche linked to an article, Does Compensation Lag Behind Productivity? They see this chart or charts like it and they think about the bailouts in 2008.
And the second was, of course, the Warren Buffett story that came out the same week, where he essentially called people who post buybacks, you know, economically illiterate. I mean, I think if you think about it as an economic proposition, it probably doesn’t make sense for 95 percent of people to go — RITHOLTZ: That much, 95.
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