Oh, how the mighty have fallen
History is littered with megacompanies that have gone caput. From billion-dollar frauds to banks that bet the farm on risky loans, the largest bankruptcies have a few things in common: Risk-taking executives, a penchant for rapid growth, and risks that were largely overlooked (or simply hidden) from their investors.
Let’s explore the nine largest bankruptcies that have occurred since 1980, how they happened, and what ultimately became of the companies after filing for bankruptcy.
