Company Collapse Quotes

The vast majority of debt that Anglo maintains is owed is strenuously disputed. However, I cannot now pay those loans which are due, following Anglo taking control of the Quinn Group of companies, which I and a loyal team spent a lifetime building.

Enron is now officially out of the energy business. They are now in a new business: confetti.

I experienced the year 2000 dot com crash and the 2008 financial crisis, and it almost wiped out the company.

After watching Taro reach the brink of bankruptcy, seeing their shares delisted from trading, hearing endless false promises about receiving audited financial statements, and witnessing an unchecked drain of company resources, the shareholders have clearly had enough.

When this crisis began, crucial decisions about what would happen to some of the world's biggest companies - companies employing tens of thousands of people and holding trillions of dollars in assets - took place in hurried discussions in the middle of the night. We should not be forced to choose between allowing a company to fall into a rapid and chaotic dissolution or forcing taxpayers to foot the bill.

I've actually taken companies public, I've actually busted companies, I've actually gone broke.

I hope and believe all the people that worked very closely with me at BHS for all those years, and some for the whole journey, will know it was never my intention for the business to have the ending it did.

Enron Field in Houston, the Trans World Dome in St. Louis and PSINet Stadium in Baltimore are just three of the modern-day coliseums named for companies that have found new homes in bankruptcy court.

I've certainly learnt there's nothing more important than cash - cash flow issues are one of the biggest causes of company failures.

If you look at the history of technology gadget makers, hardware makers, it's littered with the corpses of Palm and RIM and companies like that.

My half-baked reading of history is that we continue to go through these waves of entrepreneurial explosion followed by merger mania and consolidation. Out of that come big sluggish companies that eventually collapse under the weight of what they've created, and are killed off by the next wave of entrepreneurs.

You cannot have companies where many of the largest ones lose money indefinitely without someone finally waving the white flag, and IBM is the most recent example of that.

Insurance companies as they exist today are going to be eliminated.

When the internet came up, scores of companies were created. But many of them collapsed during the dot.com bubble.