Tuesday, December 16, 2008

Not To Big To Fail

No government bailout for Al Boscov. He'll try to return his business to profitability the old fashioned way: Declaring bankruptcy and restructuring.

Money Q:

“What got us in trouble was an opportunity,” Boscov said.
The company bought up too much too fast, he explained.

He admits a business mistake and is trying to work his way back from it. Good luck to him and all his employees.

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