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History. The federal government took control of Pasadena-based IndyMac Bank, the second-largest bank failure in U.S. history; AIG recently collapsed; Lehman Bros., a global investment company collapsed; Bear Stearns, an investment banking company based in New York City collapsed; and there are more. It may be difficult to understand the reasons why all of these very large corporations are failing because they are, in fact, very large and complex. However, it happens more often on a smaller scale and even in your own back yard.
At nineteen, I went to work for a locally owned aerospace company. The owner put her trust in a great man to be the President of the company and to operate the company to be profitable...
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