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Giordano’s and the Moral Hazard of Bankruptcy

As I talked about in an earlier post on the Moral Hazards of Bankruptcy,  here are two relevant links to articles about how the ownership of the Chicago based pizza chain of Giordano’s has been accused of looting the company of cash and assets before its impending bankruptcy.

http://articles.chicagotribune.com/2012-01-17/business/ct-biz-0118-giordano–20120117_1_eva-apostolou-philip-martino-giordano

http://articles.chicagotribune.com/2012-03-06/business/ct-biz-0307-giordanos–20120306_1_eva-apostolou-philip-martino-giordano-s-enterprises

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One response

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