Hertz car rental bankruptcy. How can a company with “only” $9 billion in annual revenue even think it will ever be able to pay off ~$17 billion in debt? Their debt load is almost twice as much as their annual revenue. Either way, even before the virus situation, the expected average annual earnings (profit) of a Fortune 500 company is around 8-10 percent of annual revenue. So, let’s round that … [Read more...]
Archives for May 24, 2020
Thrivent reflections – followup to a post from 2019-05-24
May 24, 2020 By
Huh. How things rapidly changed after I wrote this post a year ago. A month after this, myself and twenty others in the IT dept were given four weeks notice that we were to be laid off at the end of July; the VP mentioned below (Sanjaye) was subsequently arrested for child abuse (teenage daughter/step daughter), leading to his termination; And lastly, within just three weeks of the actual … [Read more...]
Reading, and Wikipedia
May 24, 2020 By
Wikipedia is my downfall. My interest in learning is my downfall. Case in point: I started to read the latest John Sandford murder mystery a few days ago. Usually his stories are based in and around the Twin Cities since that is where he’s from. This book, though, follows his protagonist to Washington, D.C. I get distracted by something the author mentions regarding D.C., and there I go, down the … [Read more...]
