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Article: Liquidator: 6,500 tech firms among 'walking dead'

 
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http://www.cnn.com/2004/TECH/biztech/01/07/doctor.dismantle.ap/index.html
 
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Looking at the aggregate numbers one could say you and Greenspan are right on that the economy is doing well. Looks like some sectors of the economy are not with the program.

Sherwood even brings in an FBI consultant specializing in hostage negotiation techniques to help management.


I'd love a little elaboration on this.

It's a process that often requires Pichinson to be brutally honest with the entrepreneurs running a troubled startup.


I'd love to be a fly on the wall and see the look in an arrogant CEOs eyes when he gets the word. I worked for a failing start up. The guy squandered his first round of venture capital. He just did not want to accept that when you don't produce with the first batch, the capitalists aren't anxious to pour more cash in.
 
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Sherwood even brings in an FBI consultant specializing in hostage negotiation techniques to help management.


It's clearly one of two things, Rufus. Dealing with the banks and/or dealing with the workforce.
Bank: We are holding your loan hostage, and only paying back loans to cooperative banks.
Workforce: "Not working an 80-hour week for free? We'll see about that!". Six hours later "We have your eldest child! Want to reconsider?
 
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Hi,
I think there is nothing new into this profession because I remember in the movie Pretty Woman, Richard Geere played as a salvage company owner. It must have been two or three decades.
Regards,
MCao
 
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