WeTakeRisks quite a lot of gloaters now here. this for you:
people took risks and then they failed. that is life. this is the real world. this is what economies are based on - taking risk, creating jobs.
other people just sit and waste Berkshire's cash to the tune of $250 million per quarter, and admire how great and smart they are...that's easy.
So you're aware of the loss making nature of NJE and that the reason for it's survival is financial backing from Warren Buffet. Do you think it's a good idea to proceed if you
don't have WB's financial backing? Not a very sensible risk really IMHO. Taking risks
is a part of life. Generally, those that are good at assessing those risks tend to survive and continue their gene line. Those that aren't, don't.
JR created jobs and then lost them. They failed. While we may be sympathetic to the victims of failure, we are not sympathetic to failure itself. On this front, the management must take the responsibility. However, in the past, many failed managers have just run off to an equally disasterous business venture somewhere else, causing more pain and hurt. So, let us learn the lessons and remember the manager's history when trusting them with our future.
Good luck to all the new job hunters out there.