My Dog Wears Diapers

If you haven’t heard by now, the grandaddy of theme-park chains, Six Flags, has filed for Chapter 11 bankruptcy protection. According to a letter posted online by the company’s CEO, much of the reason has to do with them “inheriting” $2.4 billion in debt “from the previous management team.” I understand they simply want to shed or reorganize their debt load, but since bankruptcy typically involves a little introspection into the way an organization does business, I have a suggestion. read more…