Re:99-year old trucking company Yellow shuts down, putting 3...
by mmcdermott on Monday July 31, 2023 @12:05PM
(#36944722)
> Taxpayers ended up holding 30% of this company's stock
Is that really surprising though? Getting a government buy-in like this generally happens after private sector investment falls through. If large swathes of the private sector didn't believe that the company would become profitable after infusion (they would have bought low and sold high if they did), why would public sector capital have any different outcome?
Is that really surprising though? Getting a government buy-in like this generally happens after private sector investment falls through. If large swathes of the private sector didn't believe that the company would become profitable after infusion (they would have bought low and sold high if they did), why would public sector capital have any different outcome?