You would think this was his first rodeo. Think the concept of due diligence was taught at his business school?
When he comes up empty, he will ax his pal, obummer for tax payer money.
Shouldn’t that be “Ex-hedge fund honcho” or “former hedge fund honcho”.
What about doing some due diligence? You know, like eating at a few Quiznos across the country at lunch time, look around, chat with staff, chat with customers? Peter Lynch would do it.
Isn’t it kind of their job to not be deceived? I mean that is what makes them experts.
mmm, mm, mm, mm, malfeasance
Hey Marc, it doesn’t’ take a Harvard MBA to figure out that and $8/sandwich with 3,000 calories was going to be hurt in a down economy.
Quizno’s lied to everyone, just go google the company, seriously they lied to franchisees... they bilked them for more money than they knew they could ever actually make selling sammiches. The whole company has been a sham, I believe less than 1 out of 3 restaurants of theirs ever turned a profit. It was a ponzi scheme, and its been common knowledge for years. If they were putting money into this company at any time in the last decade or so, they have no one but themselves to blame for not doing their due diligence.
Unless outright fraud was involved, the only thing left to say is “due diligence.”