>>83814613>Weren't his bankruptcies calculated losses that didn't actually hurt himYes, and it's a tactic used by much bigger companies as well; it allows their execs to practically get away with murder while all their employees get fucked by "restructuring". The corporate equivalent of burning down your shop to collect insurance, then pretending that counts as profit. It's still scummy as all hell. Chapter 11 filings etc. were meant to be a safety net for people who actually lose everything in a failed venture, not tax-dodging, anarcho-capitalist shitheads.
In all honesty I wouldn't be surprised if Gawker goes that route after their filings and just comes back with a new army of monkeys on typewriters to keep churning out clickbait trash.
