Truly sad news, I think. Though I know many around here are snickering and licking their chops...
It does make me think though of this...
"The principal reason for their bankruptcy was that they were hypnotized by a definite form of growth of the working-class movement and socialism, forgot all about the one-sidedness of that form, were afraid to see the break-up which objective conditions made inevitable, and continued to repeat simple and, at first glance, incontestable axioms that had been learned by rote, like: 'three is more than two.' But politics is more like algebra than elementary arithmetic..." —V.L. Lenin
and
"There is nothing more difficult to take in hand, more perilous to conduct, or more uncertain in its success, than to take the lead in the introduction of a new order of things." —Machiavelli
I give them tons of credit for trying, for taking a risk. It takes a lot of sisu (Finn for intestinal fortitude) to take big risks, change the status quo, and possibly fail. There are a lot of people who will be Monday morning QB's I suspect, including myself, but at the end of the day I applaud pushing the envelope.
I applaud their risk taking. The question is, did they take risks with their money or with someone else's money? That changes the picture somewhat. As a guy who went six figures into debt and mortgaged everything to go into business, I can tell you it makes a difference to me.
If the rumors are true, there may be an amazing and talented group of people looking for a new opportunity. Headhunters are salivating...
Posted by: The Piton | Friday, May 02, 2008 at 09:17 AM
Stores seem to be open, but rumors are rampant that the corporate doors are padlocked..
Posted by: | Friday, May 02, 2008 at 09:52 AM
rumors?
Posted by: uj | Friday, May 02, 2008 at 10:25 AM
100% rumor, but coming in from all sides. Look to the professionals for confirmation.
Posted by: The Piton | Friday, May 02, 2008 at 11:11 AM
What took so long?
Posted by: Ultraformat | Friday, May 02, 2008 at 12:49 PM
Truly sad news, I think. Though I know many around here are snickering and licking their chops...
It does make me think though of this...
"The principal reason for their bankruptcy was that they were hypnotized by a definite form of growth of the working-class movement and socialism, forgot all about the one-sidedness of that form, were afraid to see the break-up which objective conditions made inevitable, and continued to repeat simple and, at first glance, incontestable axioms that had been learned by rote, like: 'three is more than two.' But politics is more like algebra than elementary arithmetic..." —V.L. Lenin
and
"There is nothing more difficult to take in hand, more perilous to conduct, or more uncertain in its success, than to take the lead in the introduction of a new order of things." —Machiavelli
Posted by: Tridentata | Friday, May 02, 2008 at 01:30 PM
I give them tons of credit for trying, for taking a risk. It takes a lot of sisu (Finn for intestinal fortitude) to take big risks, change the status quo, and possibly fail. There are a lot of people who will be Monday morning QB's I suspect, including myself, but at the end of the day I applaud pushing the envelope.
Posted by: Megan | Friday, May 02, 2008 at 02:16 PM
Not biting Ann.
Good try though.
Some serious spew on that link. Gotta take a shower...
Posted by: Mike Scherer | Monday, May 05, 2008 at 09:47 PM
I applaud their risk taking. The question is, did they take risks with their money or with someone else's money? That changes the picture somewhat. As a guy who went six figures into debt and mortgaged everything to go into business, I can tell you it makes a difference to me.
Posted by: Canoelover | Tuesday, May 06, 2008 at 06:40 AM
Also a good collection of reactions posted on the Oregonian's Playbooks and Profits blog here.
Posted by: Mike Geraci | Tuesday, May 06, 2008 at 07:42 AM