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1975年,美国当时最大的商业企业之一格兰特公司宣告破产引起了人们的普遍注意。令人不解的是,1973年,该公司股票以其收益20倍的价格出售;1974年,该公司营业净利润近1000万美元,营运资金2000多万美元,银行也因看好该企业而提供高达6亿美元的贷款。但谁也没有想到的是,1975年10月
In 1975, the announcement of bankruptcy by Grant, one of the largest commercial enterprises in the United States, caused widespread public concern. What is puzzling is that in 1973, the company’s shares were sold at 20 times its profit. In 1974, the company’s operating net profit was nearly 10 million U.S. dollars and its working capital was more than 20 million U.S. dollars. The bank also offered the company optimism Up to 600 million U.S. dollars in loans. But no one thought it was, in October 1975