Gobble! Gobble! The biggest financial turkeys of 2013
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
- The company once called Texas Utilities, which leveraged a $48 billion buyout in 2007, but now hurtles toward bankruptcy.
- The New York Times Company, whose purchase of The Boston Globe Sloan considers the worst newspaper acquisition in history.
- JCPenney, which may or may not survive after its roller coaster of a year.
- The government shutdown and HealthCare.gov, which, well, you know.
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