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Yeah it's awesome, especially when some management can weather the storm but doesn't pay workers anyway. Those guys are jerks. Most businesses just don't have that option, though. The game of capitalism doesn't let them for certain industries etc.
With how cheap and available capital was, you’d be hard pressed to find a a company who couldn’t raise money to keep that cash on hand. If your company is big enough to be publicly listed you have an amazing business. If it’s losing money it’s because management sucks.
