Gobble! Gobble! The biggest financial turkeys of 2013

Allan Sloan Nov 20, 2013
HTML EMBED:
COPY

Gobble! Gobble! The biggest financial turkeys of 2013

Allan Sloan Nov 20, 2013
HTML EMBED:
COPY

As Thanksgiving approaches — and while folks worry about Butterball’s turkey shortage — we took a look at large turkeys of a different kind. Allan Sloan, senior editor-at-large of Fortune Magazine, shares his pickings for the year’s worst deals and financial flops.

Sloan’s 2013 Turkey List

  1. The company once called Texas Utilities, which leveraged a $48 billion buyout in 2007, but now hurtles toward bankruptcy.
  2. The New York Times Company, whose purchase of The Boston Globe Sloan considers the worst newspaper acquisition in history.
  3. JCPenney, which may or may not survive after its roller coaster of a year.
  4. The government shutdown and HealthCare.gov, which, well, you know.

 

 

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.

Raise a glass to Marketplace!

Just $7/month gets you a limited edition KaiPA pint glass. Plus bragging rights that you support independent journalism.
Donate today to get yours!