Because there’s not enough money coming from anywhere else.
Baupost Group is as hot as a California wildfire.
A federal bankruptcy judge rules that it’s not his job to save hedge fund managers from themselves.
He realizes this means he still owns Sears, right?
He didn’t want to file for bankruptcy and he’s not gonna be CEO anymore, but he’s still probably gonna get everything he wants.
That is, until Sears files for bankruptcy.
A competitor has a sinking suspicion it’s the latter.
Or they'll just keep getting worse and never get better. It's one of these two things.
The former hedge funder should have seen this coming.
Bankruptcy could happen in weeks.
Apparently spelling out the word 'broke' with stacks of cash while claiming bankruptcy is "potential evidence of serious misconduct."
Also photos of stack of cash in his fridge, spelling out the word 'broke' in stacks of cash, etc.
It's hard out here for a bankrupt rapper.
American Apparel's got good news and less good news for its ousted CEO.
Thirty-two million dollars in fines will do that to a person.
What great businessman in history hasn't filed for Chapter 11?
Though one could argue if Phil can't do it, no one can.
This week on "The Apprentice: Iowa Edition."