Recaro files for bankruptcy

[indio22]

Pick one:
A. Companies exist to produce superior goods or services appealing to customers
B. Companies exist to provide life-long employment with good pay and benefits to its workers.
C. Companies exist to maximize sustainable wealth for its owners / shareholders.

At any given time, one of these statements may be true. At times, two can be true at once. But you never get all 3 at the same time.

That's not capitalism. That's reality. The rules of economics can't simply be ignored.

Item B is my primary interest. I generally value a company in terms of keeping people employed and able to support their families. That's how I use a company, whatever else the company leadership and shareholders might have as their goals.

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[Dog]

Item B is my primary interest. I generally value a company in terms of keeping people employed and able to support their families. That's how I use a company, whatever else the company leadership and shareholders might have as their goals.

If you are motivated by choice B, then you must like the state government and the DMV. They share your goal of lifetime employment, and no interest in choice A - producing a superior good or service.

When I'm spending my money, I like choice A - I like superior products or services for my money. If the company and its employees can only deliver mediocrity, they don't deserve to be employed and in business.

When it comes to my 401k, I care about item C - getting a nice return on my investments.

We have different expectations, which is OK and how the world works.

 

[rpaluch1]

What does your poll have to do with Recaro bankruptcy ? Recaro was a very expensive sport/race car seat manufacturer. Their seats were fantastic but each cost thousands. They were predominant in high end sports vehicles and aftermarket. Bottom line is they priced themselves out of the market using exotic materials to maximize weight and comfort. It has nothing to do with your poll.

 

[Brian_B]

It has nothing to do with your poll.

There is a poll on this thread?

 

[TacosTuesday]

now BBS too
https://www.theautopian.com/famous-...red-insolvency-for-the-fifth-time-since-2007/

 

[BOLD Renegade93]

If they made toilet seats I’d be all-in

Dude no kidding. I just pulled 1.03gs during my last dump and slid right off the seat! Really coulda used some side bolsters.

 

[tourproto]

I bet they installed additional layers of management, transferred assets, leased assets back to recaro, then squeezed.

Private Equity 101 baby! Just like the f-ed over Red Lobster by selling all of the land and buildings and leasing them back to the restaurant at ridiculous rates. PE is just a bigger version of payday loans. It is the last resort of failing businesses and rarely turns out well.

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