More than 200 corporations have been added to the list of zombie corporations since January. Among these are well-known corporations: Boeing, Macy's, Exxon, Carnival, etc.... These are large multinational corporations that cannot make enough money to do more than pay the interest on their debts. Think about that. All of these corporations are so broke and doing so little business that it's all they can do to pay the interest on their debts. And that's after they have been given billions of dollars in stimulus money.
And you think our economy is doing well? You still think our nation is rich?
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And you think our economy is doing well? You still think our nation is rich?
America's Zombie Companies Rack Up $2 Trillion of Debt
They were once America's corporate titans. Beloved household names.