So I’m reading the news this morning and I see an article that is titled “Potential buyers emerge for Goody’s Family Clothing.” Now I thought to myself that I must be reading an old article. After all the company fired 500+ corporate workers on January 12th, shut down every store by February 29th 2009 and reportedly shut down the office yesterday. Goody’s has already been sold numerous times and every time it got progressively worse. But reading the article it sounds like someone might buy the name just to keep it from opening under that name in the future. Other parts of the article point to small investors perhaps coming in and reopening stores under the Goody’s name. which leads me to my question of, just how many times can you kill a company?

In all honesty I don’t care what happens to “Goody’s” at this point as I have long moved on to a bigger, better and actually profitable company. I had a great 7 year run with them but the last 2 of those 7 years sucked as it was constant flux of problems, bankruptcies, lies and deceit from the top level management. So many employees were screwed by the final owners of Goody’s (Isaac Dabaac and Michael Zimmerman) and I can’t imagine anyone with any sense going right on back for another round of abuse. Sure things good be different but the likelihood of that in my opinion is slim. On the flip side however, there are still a lot of unemployed IT people from the former company and if this is in fact true then if reopened they will be able to get one heck of a support staff.  If I were in their shoes, the only way I would even consider going back is if Goodfriend came back in, bought the name and reopenend back under his leadership, but then again, he did in essence “sell” all the employees when he turned and left so there is definitely mixed emotions on that front. He sold it once, why wouldn’t he sell it again? And I know nothing about what’s going on so I have no idea if Goodfriend is even a possibility. But ever since he sold it the feelings were he was going to let it tank, then come back in and buy it back for pennies on the dollar. If that’s true it’s smart on his part to make a ton of money, but at the same time he gambled with thousands of lives of the employees plus the name and reputation of the company has been devastated. So I hope it isn’t true.

So just how many times can you kill a company?

And if you want to read the article I am talking about, you can find it here -> http://www.knoxnews.com/news/2009/apr/11/potential-buyers-emerge/