When one business buys out of the assets of some other business with accurate documentation of awful company techniques, it is typically purchasing responsibility for the liabilities, too: all of the debts, all of the appropriate problems, all of the misdeeds of history.
But just what about whenever an administrator gets control the very best work at a distressed business? Does he or she assume immediate, individual fault for the outfitвЂ™s business behavior that is unethical? Can there be any elegance period to wash shop?
That philosophical concern resounds within the latest advertisement from gubernatorial prospect David Stemerman in the continuing advertising fight with other Republican Bob Stefanowski. In вЂњPayday Bob,вЂќ Stemerman attacks StefanowskiвЂ™s tenure as CEO of Dollar Financial Corp., which operated a huge chain of payday-lending shops in Britain, Canada and elsewhere вЂ” and got in some trouble for mistreating clients.
вЂњBob Stefanowski calls himself Bob the Rebuilder,вЂќ StemermanвЂ™s advertising begins, talking about a Stefanowski that is past advertisement. вЂњThe truth is, Bob went a payday-loan company вЂ” the sort thatвЂ™s illegal in Connecticut.вЂќ
That intro is actually real. Connecticut legislation doesn’t especially club pay day loans by title, but state statutes limit the attention and costs that Connecticut-licensed loan providers may charge, effectively outlawing such organizations. (A loophole enables storefront entrepreneurs to arrange payday advances through loan providers certified in other states, but that is another story.)