Isn’t EA mathematically doomed to die off due to the absurd amount of profit they need to pay off the debt the saudis put on them so that they could own them? Like, who cares about actually working there, you’re as good as already laid off. The sword of damocles is swinging.
A tale as old as time. Hedge fund buys a company. Company has too much debt from the buyout. Hedge fund strips out assets of the company. Company dies.
Isn’t EA mathematically doomed to die off due to the absurd amount of profit they need to pay off the debt the saudis put on them so that they could own them? Like, who cares about actually working there, you’re as good as already laid off. The sword of damocles is swinging.
Well aside from how EA and the Saudis suck for distinct reasons - that blatant crime has to end.
‘We bought your company and it owes us the price we paid for you!’ Nope. Fraud. Jail.
A tale as old as time. Hedge fund buys a company. Company has too much debt from the buyout. Hedge fund strips out assets of the company. Company dies.
I think the sword of damocles more dangles menacingly than swings.
The pendulum in The Pit and the Pendulum is the sharp object that swings.