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Yep. Survived such an idiot.
Did the idiot make more money from that endeavour than you?
(Bcs unfortunately both can be true, financial gain is not exactly related to economic success or sense.)
Many of these “business geniuses” do the following:
- buy struggling business cheap
- reduce expenses (biggest expense is always salaries, so fire a lot of people)
- on paper, the business is making money (while the rest of the staff frantically try to survive without enough manpower and with a lot of loss on knowledge and experience)
- sell doomed business before it collapses (remember: on paper, it looks healthy)
