• 1 Post
  • 32 Comments
Joined 1 year ago
Cake day: September 24th, 2023
  • swallowyourmind@lemmy.worldtoNews@lemmy.world•Red Lobster files for bankruptcy, restaurants will stay openEnglish
    121·
    6 months ago

    Hedge fund gobbled for raping capital.

    Forced sale by Darden by activist (hedge) investors.

    New hedge fund owned RL company immediately sells all its property (land & buildings) to separate property company owned by hedge funds.

    Big dividends for hedge funds! Billions sucked out of company into shareholder pockets.

    New RL then leases all properties, incurring higher costs (now paying rent!)

    Pandemic.

    5 year leases all up! Property company raises rent!

    RL can’t afford higher rent on all locations, no longer has capital to borrow against (all sold 5 years ago), and goes bankrupt.

    MBAs are destroying the world.

  • swallowyourmind@lemmy.worldtopolitics @lemmy.world•Former Obama adviser: Kushner engaged in ‘level of corruption that we’ve just never seen’ with foreign relationsEnglish
    2·
    7 months ago

    Well, I appreciate you being willing to share.

    And thank you for helping me to understand that not all disabilities are permanent.

    It helps to hear about others troubles; we all get so wrapped up in our own we at times forget everyone else is dealing with their own.

    COVID did such a number on needed non-COVID care. My own neighbor was forced to wait over two years for hip surgery to walk again, which they considered elective, which is absurd. I’m sorry that you, like all too many others, had to wait so long, and that the wait extended your recovery window.

    I’m rooting for you to stick with your balancing, stretching, and yoga!

    It is amazing how much can be regained through constant efforts. Physical therapy on my opinion is too often ignored by patients in their recovery, especially in less serious injuries than your own. Just keep at it! It gets better!

    Thanks again for joining and contributing.

    Hope your recovery is as full and as short as can be.