Comment by solfox
10 months ago
In your view, is that how all businesses should be run as well? Hiring your least qualified friends? Surely, cronyism exists in corporate America, but I'd venture a guess that a company run in this way would fail almost immediately. No, this style of management and hiring is more like that of a crime boss - and it's not about friendships - it's about LOYALTY.
They don't "fail" as such. They burn through the money, spread it around, and then declare bankruptcy while everyone involved is somehow wealthier. It's kleptocracy.
This is kinda becoming a thing with VC based startups. But beyond that, where does the money come from?
Most of Trump's money always came from investors that bought in his enterprises.