Tuesday, December 02, 2008
Forget Citigroup and Lehman, Puppet Show Needs a Bailout
NYTimes.com: "There are many ways to measure California’s tanking economy: an 8.2 percent unemployment rate; a multibillion-dollar state budget gap; threatened endowments of the city’s museums, causing some cultural institutions to nearly default on mortgages; and the continued weakening of the Hollywood studio system. But the meltdown of the marionettes may say it all."
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This is like a small business snap shot. I’m sure there are thousands of businesses in the same exact position. It just so happens that this guys makes puppets. I think the truly interesting part of this article is the fact that this guy could operate a business like this before the recession. It seems that this guy figured out Disney’s golden rule long before the mouse did. Market to the kids and have the parents pay. To bad he does not share the same investments Disney does.
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