Bankruptcy saved Saab

Night has come to Norway, but before the Sandman sprinkles magical sand onto my eyes, I have to give you the Saab tip of the day. Over at Forbes there is a blog entry about how Saab got a new chance because of bankruptcy. Here's my favorite paragraph from the Forbes blog entry:

To put it simply, bankruptcy, like recession, is a positive for it ensuring that poorly managed assets are released to new owners with a stated intent to manage them more effectively.

So head over to Forbes and read a very interesting blog entry about how recession and bankruptcy can be a blessing for business.