Whenever one business buys out of the assets of some other company with an archive of awful company techniques, it is typically purchasing responsibility for all your liabilities, too: all of the debts, most of the appropriate problems, most of the misdeeds of history.
Exactly what about whenever an administrator gets control of the utmost effective work at a troubled business? Does he or she assume instant, individual fault for the outfitвЂ™s unethical business behavior? Can there be any elegance period to completely clean shop?
That philosophical concern resounds into the ad that is latest from gubernatorial prospect David Stemerman in the continuing marketing fight with other Republican Bob Stefanowski. In вЂњPayday Bob,вЂќ Stemerman attacks StefanowskiвЂ™s tenure as CEO of Dollar Financial Corp., which operated a huge string of payday-lending shops in Britain, Canada and elsewhere вЂ” and got in some trouble for mistreating clients.
вЂњBob Stefanowski calls himself Bob the Rebuilder,вЂќ StemermanвЂ™s advertising starts, talking about a Stefanowski that is past advertisement. вЂњThe simple truth is, Bob went a payday-loan company вЂ” the sort that is illegal in Connecticut.вЂќ
That intro is simply real. Connecticut legislation will not specifically bar pay day loans by name, but state statutes restrict the attention and costs that Connecticut-licensed loan providers may charge, efficiently outlawing such organizations. (A loophole enables storefront business owners to arrange pay day loans through lenders licensed various other states, but that is another story.)
Plus itвЂ™s not unfair to express that Stefanowski вЂњranвЂќ a loan that is payday, though he clearly wasnвЂ™t behind the counter drumming up business. Likewise, even though the advertisement features a phony image of a small business using the title вЂњBOBвЂ™S PAYDAY ADVANCES,вЂќ many watchers will realize that isn’t meant in a sense that is literal.…