Replies to post #22831 on The Rising Influence of Rising Affluence

[semi_infinite]

NKLA - According to their (Hindenberg) work, it was for a brief time a family affair when the father was roped into one of the ventures. I wonder if there is an LDS code of silence when one member sees another member defrauding people. IMO Barra looks at the deal as free money. I wonder what the GM BOD thinks about the reputation risks and then there is the lock up period. My assumption is that Barra will play along until after the lockup period.

[semi_infinite]

Your post jogged my memory that CVX nearly rescued Enron in the midst of their energy boiler room activities. So even competent managment can be fooled. The deal didn't happen fortunately for CVX. Dynegy died too as it bled money.

https://chevroncorp.gcs-web.com/news-releases/news-release-details/chevrontexaco-invest-25-billion-dynegy