Actually, a friend of mine did this. Built up a company, got bought out for 7 figures plus change, went to work fo the new company where his old company was the only profitable part, then after his 2 year contract was up founded a new company to compete with the old one. By a back of an envelope calculation he takes a week off to go on holiday every 3.2 weeks. Must be working.
Some fellow kept building refineries. John David Rockefeller kept buying them. Folks thought he was avoiding competition. The other fellow just enjoyed taking the money from the sale of the last to build the newer and better one.
BE THIS GUY 8 months ago
Nobody is looking out for these kids’ interests.
Blood-Poisoning Vermin 8 months ago
“Sounds like a plan” in the same sense that Trump “sounds like a sentient being” when he opens his pie hole
STEPUP 8 months ago
They’re still idiots, nothing has changed!!!
cracker65 8 months ago
Same old same old
snsurone76 8 months ago
When will those two hucksters be arrested, already??
robertthomasson 8 months ago
Actually, a friend of mine did this. Built up a company, got bought out for 7 figures plus change, went to work fo the new company where his old company was the only profitable part, then after his 2 year contract was up founded a new company to compete with the old one. By a back of an envelope calculation he takes a week off to go on holiday every 3.2 weeks. Must be working.
erick.robinson 8 months ago
…. too bad they’ll fail to consider the 2 year ‘no-compete’ clause and end up getting sued and lose THAT to Mike as well… oops!
ladykat 8 months ago
Have fun, boys.
Gen.Flashman 8 months ago
$5,000 ($9,000 2024) for nothing is a good deal; they have nothing, even the idea of of buying inventory from distressed businesses is not original.
Local 574 Premium Member 8 months ago
This kind of s**t did really take place back then. Now, it’s hilarious.
mistercatworks 8 months ago
These guys are the “Lenny and Squiggy” of corporate finance. :)
David Huie Green AmericaIsGreatItHasUs 8 months ago
Some fellow kept building refineries. John David Rockefeller kept buying them. Folks thought he was avoiding competition. The other fellow just enjoyed taking the money from the sale of the last to build the newer and better one.
[Unnamed Reader - 14b4ce] 8 months ago
Throw in a year’s supply of M&M’s and it’s a deal
jakko1 8 months ago
Isn’t capitalism fun?
bt 8 months ago
Doesn’t Jeff know that Mike was married to his half sister and is his niece’s father?
eced52 8 months ago
Sounds like financial ruin.