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.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
