Without trust, business is a dangerous undertaking. For some years I have been a substantial but passive investor in a smallish company. Unfortunately it went into administration in June – obviously reducing my shareholding to a negligible value. The founder promptly bought it back on his own in a “pre-pack” procedure – and is about to sell it for at least 10 times that amount, just six months later. He claims the whole sequence of events could not have been predicted. But I do wonder.
没有了信任,商业就成了一项危险的事业。一些年来,我一直是某家小公司的大股东,但并不怎么参与公司事务。不幸的是,这家公司6月进入了破产管理程序——这显然使我持有的股份变得一文不值。公司创始人随即通过“预先包装”(pre-pack)破产程序自己回购了股份——而在仅仅6个月后的现在,他就要以至少10倍于当时的价格将公司出售了。他声称这一系列事情根本没法预测。但我深表怀疑。