It lost money in both its semiconductor business and in heavy equipment.
He drank to cope, "entered a devastating cycle of depression and alcohol abuse, " and became a manic, compulsive gambler in which he lost a "significant amount of money in an attempt to make back business losses, " the lawsuit said.
As the number of registered and unregistered money managers has exploded in the last 30 years, the business of money management has lost touch with these ethical principles.
FORBES: Everyone Wants Kool Aid: Pruning the Money Management Tree (October 29, 2008)
In a TV business that has lost money for eight consecutive years, that is 30 ways to spill red ink.
David Schick of Stifel Nicolaus estimates the Nook business, including downloads, lost money in the year through April but is likely to turn positive this year.
WSJ: HEARD ON THE STREET: Barnes & Noble Finds Nook in Book Market
Mr. Danforth, who ran the direct-mail business on Cape Cod, said he lost money in the downturn.
Mercedes and BMW have enjoyed the best margins in the business, but they have lost lots of money on their small cars.
He has been in high security prisons, shackled and handcuffed on buses and planes during transport across country, has lost his business, has lost all of his money, his house is in foreclosure and his family is suffering.
Their financial statements told them whether the entire business made money in the month, but on the months that they lost money, they were stumped: did they underbid their jobs, or spend too much money producing the work, or was their overhead too high?
Lost in the debates over Too Big To Fail banks is a major money center bank that has come through three business cycles unscathed and had enough financial strength in the middle of the 2008 crisis to swoop in under Citi and the Federal Deposit Insurance Corporation (FDIC) and buy failing Wachovia Wells Fargo.
FORBES: Tech and Geography Beat Too Big To Fail at Wells Fargo
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