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How The Mighty Fall - 5 Stages Before A Company Goes Bankrupt
Valuetainment
You're About to Go Out of Business, Right?
Xerox had 100 million dollars in cash, but 19 billion dollars of debt. CEO Anne Mokkehi was a sales rep for 24 years before she became the company's chief executive officer. Xerox went from having 190,000 dollars on its credit card to only one dollar in the bank within two years.
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