John Navas wrote:

> They could instead put it up for sale, assuming they haven't been dumb
> enough to overpay of course.

Which of course they were.

> The free market does tend to punish stupidity and reward good business
> judgement.

Reward good judgement, sure. Punish stupidity? Only when its in its
interests. Plenty of stupid company execs out there still getting paid
big bucks to make stupid decisions day on day. Take a look at half of
corporate America.