It's called Equity Extraction and it is by design.
Originally Posted by DREW WILEY
Basically a Vampire operation to suck decades or centuries of 'value' out of assets (plants, real estate) that was bought and paid for long ago. Suck out the blood and toss the carcass aside.
Taught by all the 'best' business schools. A direct result of the preponderance of MBA's since the 1970s.
Oh, and I might add, the BOD and CEO are in on it.
At one time I had a MBA supervisor who had run out of gas in his car and was asked to go help him out and found him searching the owners manual for what to do in case you ran out of gas. I carried a gas can and said lets go get some gas and we got his car started. Sometimes book knowledge doesn't replace common sense. I think some MBAs couldn't run a Hot Dog Stand!
During the '50s, my Dad worked on an expansion of a paper mill in Port St. Joe, Florida. Many years later (about 2003) I happened to drive through the city and everything was gone. I was told all the paper making equipment was sold to a company in China; the mill had deep water access, so the Chinese simply brought in a freighter and picked it all up.
Originally Posted by noacronym
There is a worldwide growing overcapacity in film manufacture.
China is a forerunner in digitalisation. What would China need a film plant for?
My reply re your China can Save Film theory is that China doesn't have a name. A name is everything. As I sit here and type on my Foxconn phone (I mean iPhone), ask yourself if your really think China can save film? Or can Kidak possible lease its name to say Lucky who might manufacture it? I highly doubt as Lucky just ended their color lines. Ratty I just respectfully disagree with your premise....
Ratty in addition to the practical theory I have above, think about the emotional....you see a lot of, "...my Dad handed me a roll of X to load in the Z camera and at that moment, I was hooked for life on X film....".
That is what we are talking about. Artistic tools like brushes, paints, film, etc., have this realm that it hard to quantify and just delegate to another entity....just my $0.02..