How to Lose a Billion Dollars
One of my favourite books is Billion Dollar Lessons by Paul Carroll and Chunka Mui. The book is distilled from researching 2,500 significant business failures. The authors describe:
The extent of the failures was stunning. Since 1981, 423 U.S. companies with assets of more than $500 million filed for bankruptcy. Their combined assets at the time of their bankruptcy filings totaled more than $1.5 trillion....Their combined annual revenue was almost $830 billion.
Posted In: Corporate & Finance, Due Diligence | Comments: 0 | Tags: business book review, business failures, bankruptcy filings