Thread regarding McDermott International Inc. layoffs

"Bartender! Another round of bonuses..."

"...on the shareholders! Let the good times roll!"

Q's out. Look at the line, total stockholder equity. Negative 1.38bn. & working capital is negative 5bn.

I am still puzzled. Why did MDR get 300mn in equity last year? All gone now but what motivated that investment? Just doesn't make sense...

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Post ID: @OP+11SzYEDE

2 replies (most recent on top)

You know, I REALLY think we need to get that bonus money back.

Post ID: @yks+11SzYEDE

Negative equity? So insolvent?

Post ID: @yhz+11SzYEDE

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