[gadders]

This seems to be a pattern for expensive infra projects:

- Original company builds expensive piece of infrastructure

- Original company fails to make money on expensive piece of infrastructure

- Original company goes bust

- New company buys infrastructure cheap

- New company manages to run a profitable business

See Eurotunnel, Iridium, probably others I've forgotten.

[didgetmaster]

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.

[jjkeddo199]

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

[raverbashing]

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

[userinanother]

Started with the railroads