http://blogs.wsj.com/moneybeat/2013/08/05/what-went-wrong-at-ruralmetro/

billing errors - bad mergers - etc

On Mon, Aug 5, 2013 at 7:13 PM, Peter S <[email protected]> wrote:
> http://online.wsj.com/article/SB10001424127887324136204578642363292065322.html
>
> my numbers were closer than I ever imagined
>
> On Mon, Aug 5, 2013 at 9:13 AM, Peter S <[email protected]> wrote:
>> http://www.emsworld.com/news/11077797/rural-metro-files-for-chapter-11-bankruptcy
>>
>> Do I understand this right?
>>
>> We borrow $500 million to buy all new ambulances, and give everyone
>> fat bonuses. At the end of the year we are $250 million in the hole.
>>
>> Next - someone gives us $250 million to repeat the scam all over again.
>>
>> (I am pulling numbers from thin air)

-- 
You received this message because you are subscribed to the Google Groups 
"massfire" group.
To unsubscribe from this group and stop receiving emails from it, send an email 
to [email protected].
To post to this group, send email to [email protected].
Visit this group at http://groups.google.com/group/massfire.
For more options, visit https://groups.google.com/groups/opt_out.

Reply via email to