It happens anyway. Lots of rich crooks out there that will steal a company and tear it apart. I was watching a documentary about business moguls of the USA on a history channel. J.P. Morgan wanted a monopoly on electricity. He had already screwed owners of rail lines in order to take them over, did the same with steel plants, and then wanted to do it with electricity.
He funded Thomas Edison and then took over. Then he used underhanded tactics on Tesla and Westinghouse to drive them broke, threatening to sue Westinghouse if they didn't turn over patents on AC motors and power generation. J.P. Morgan stole the patents and created General Electric. This was all done without buying into Westinghouse. What's happening now with tycoons grabbing companies and tearing them apart has been going on for a long time. See the movie "Pretty Woman" for an example.
What I don't like, is the loss of plants and jobs here in the USA, and China getting the benefit. That needs to stop.
When you base history on movies and TV shows you get that kind of attitude.
He didn’t steal anything. He bought stock.
Cabelas is a retail store. On a downward slide they merged with Bass and Bass did a reorg which means some locations and offices closed.
Nothing nefarious here.
You may as well blame Bass for the reorg, or blame the owners for going public, which would’ve netted them quite a bit of cash. Are you upset over their “greed”? And how many tears would you shed if the entire enterprise fell apart and Singer lost his investment? In that case all stores would be closed.
When companies go down, some are going to get hurt and some won’t. That’s life.