Financial Troubles
At the end of 2008, Redstone financial troubles started when billionaire Sumner Redstone had to dump $400 million of nonvoting shares.
It was released that National Amusement planned to sell $390 million of notes in another attempt to refinance a large part of the company's bank owed debt.
Read more about this topic: National Amusements
Famous quotes containing the words financial and/or troubles:
“Just as men must give up economic control when their wives share the responsibility for the family’s financial well-being, women must give up exclusive parental control when their husbands assume more responsibility for child care.”
—Augustus Y. Napier (20th century)
“I still think I ought to leave Washington well alone. I have many friends in that city who can of their own motion speak confidently of my ways of thinking and acting. An authorized representative could remove some troubles that you now see, but only think of yet greater troubles he might create.”
—Rutherford Birchard Hayes (1822–1893)