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Makes you wonder if that wasn't the plan all along. The original company has a lot of investors who would share a big percentage of the profits if it is successful. Those in charge fix things so that those investors are shed and all the profits are instead funneled to entities they control exclusively.

It goes further back than this -- What do you think happened to the "joint stock companies" that funded English settlers going to the Americas? ;)

It's almost like MBAs teach C-level "executives" to have a goldfish time range understanding of profits

Started with the railroads