Pándi commentary

Bankrupt KTM and Pierer: fool’s gold for politicians

When companies go down the drain as a result of bragging, arrogance and aggressive know-it-all bosses, and many jobs go down with them, it may not be elegant, but it is very Austrian to say that politics is to blame. A commentary on the bankruptcy case by Claus Pándi.

It's no shame for entrepreneurs to admit that they've made mistakes. Or had bad luck. It can happen in business.