“Musk’s terms are commensurate with him being an over-levered clown,” the hedge fund source told me last week. (Okay. Tell me how you really feel.)
Source: Elon Musk Buying Twitter Could Bring Down Tesla, His Business Empire
Like they said, we broke him:
we broke him in 9 days
@PleaseBeGneiss on 6:08 PM · Nov 6, 2022
The Plot to Destroy America’s Beer – Businessweek.
As far as investors are concerned, Brito’s performance has been masterful. So much cash flowed in that by 2011 the company was able to pay down early a significant portion of the $54 billion it had borrowed to finance the Anheuser-Busch takeover. This triggered $1.3 billion in stock-option bonuses for Brito and 39 other executives that year.
Does anyone, anywhere, still need more proof that everyone on Wall Street is an asshole? Not only are these people destroying the economy. They’re destroying one the few legal ways to forget they destroyed the economy.
