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Citadel Half Off Sale

E

Element9

Countdown to catastrophe:

Inside Radio said:
Debt-heavy Citadel weighs options. Saddled with $2.1 billion in debt and more restrictions from lenders, Citadel enlists financial advisory firm Lazard Freres & Co. to help sort through its financial options. Analysts say choices could include selling assets, a debt-for-equity swap or even Chapter 11 reorganization.
Click to expand...

Yeah, "sort financial options," that's a beaut! Y'mean Farid Suleman, CEO Citadel, former COO CBS-Infinity Radio, MBA, can't figure this one out? GMAFB! Two billion in debt thanks to lousy decision making and corporate hubris. That's $2,100,000,000. Pronounced "Two billion, one hundred million dollars." How about before cutting another jock, production director, accounts receivable, traffic person or sales man/woman, Lazard Freres & Company resolve to Throw Farid and Judy From The Plane without benefit of platinum parachutes. It's a start.
 
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