Originally Posted by
gatorhater
You can waste all of your own private $$ you want...see Las Vegas as one example. Just because it is stupid doesn’t make it illegal.
Not sure how legality plays a role here....
The point is that just because a company is privately held doesn't mean that normal economic principles / rationale applies.
In turn it is irrelevant whether they are public or not.
And to the original point - Air Wiskey obviously can generate a return at a smaller scale.
XJT could probably do the same - but not without some very painful re-org.