High leverage is unsafe, not just for a company but the entire economy... LBOs are reducing the safety. Management loses the power to do many things. It has no margin for error and less margin for additional risk. — Franco Modigliani Copy Share Image
A situation where people can grow old without having a job that rewards them individually while adding to the collective well-being is morally unacceptable. — Franco Modigliani Copy Share
Is it important that the rent of land be retained as a source of government revenue. Some persons who could make excellent use of… — Franco Modigliani Copy Share
High leverage is unsafe, not just for a company but the entire economy... LBOs are reducing the safety. Management loses the power to do… — Franco Modigliani Copy Share
