[NJARC] More bad news for RadioShack

[Stephen Cafiero]

	These “reorganization” bankruptcies rarely do anything but enrich the lawyers.  Unless the root cause of the business failure is addressed (not the case with Radio Shack), it will always fail again.  Vendors and pensions go unpaid, but the "legal professionals" get to suck all the remaining money.  Looks like they are going for a double dip this time!

Stephen Cafiero




> On Mar 9, 2017, at 11:49 AM, Joe Connor via NJARC <njarc at mailman.qth.net> wrote:
> 
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> I think the first was a restructuring, and this one is a liquidation.
> 
> It's a shame. Radio Shack was a handy place to pick up a few things like resistors, wire etc.
> 
> For those who want a trip down memory lane, here's a link to the old Radio Shack catalogs. Ah, if we could just go back in time.
> 
> Joe Connor
> 
> Radio Shack Catalogs - General Catalogs <http://www.radioshackcatalogs.com/catalog_directory.html>
> 
> 
> Radio Shack Catalogs - General Catalogs
> Radio Shack Catalogs - An Archive of 1939 to 2005 Radio Shack Catalogs
>  <http://www.radioshackcatalogs.com/catalog_directory.html>
> 
> 
> 
> On Thursday, March 9, 2017 11:19 AM, Alex Magoun <a.b.magoun at ieee.org> wrote:
> 
> 
> Who knew you could declare a second bankruptcy? https://www.bloomberg.com/news/articles/2017-03-09/radioshack-successor-enters-bankruptcy-as-retail-woes-persist-j01psvmv <https://www.bloomberg.com/news/articles/2017-03-09/radioshack-successor-enters-bankruptcy-as-retail-woes-persist-j01psvmv>.
> 
> Alex
> ~~~
> Alexander B. Magoun, Ph.D., Outreach Historian
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