What is a financial contingency plan and how does it mitigate risk?
Phocas
MARCH 25, 2024
When the owners of a start-up mail-order rental DVD service pitched an offer to sell their company for $50 million in 2000, no one thought the company was worth the price tag. It was losing money—not a good sign—while the industry Goliath, Blockbuster, saw its earnings rise both in U.S. and global markets.
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