Where did it go? Seriously, how can you lose that amount of money in 3 months? We need the truth.
10 replies (most recent on top)
To -1zxh: don't have any clue what you are talking about and clearly you don't either.
And on top of all this garbage some idiots in downstream have the gall to state that non core businesses are making money and keeping the ship from turning over. Get your heads out of your butts and realize there is no relationship between a 900 million loss versus whatever puny profits are coming out of defunct businesses.
Crooks at the top and idiots in the middle. Stupid plant directors that think they are Rambo!
Crackerhead and his band of crooks. What's with all of the promotions of IDIOTS? We don't need more we need less SCUMBAGS.
24 carat gnomes. Happens all the time
Another interesting observation: If the company lost $900million in the last quarter and nothing changes going forward i.e. contract pricing remains the same, and the company cost structure stays the same (headcount) then assuming a conservative 10% profit margin, BHI need to earn an ADDITIONAL $9billion in sales next quarter. How's that for a stretch goal ?
I think the point being made is that there is no solution. If 50% of the workforce is laid off revenue will decrease and the spiral down the plughole just accelerates. There is something fundamentally wrong with the business model for the entire business..!
So your solution is a 50% RIF?
$900million represents approximately half the salary bill for all employees over a financial quarter. It means that management have been winning work regardless of the cost. It always looks good to win a contract, but it's another thing entirely to make it a commercial success. No company can survive very long on those performance figures. We would have to lose half the current work force just to break even.. bottom line is that it's all going down the plughole. BHI could face chapter 11 before year end.
You employee a lot of idiots ?