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Tower reschedules $160 million of debt

8/18/2010 03:17 PM EDT
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re: Tower reschedules $160 million of debt
Kate123   5/17/2013 10:09:32 AM
I think Russell Ellwanger, chief executive officer of Tower Semiconductor is guilty partially in this situation. Such a big debt doesn’t appear suddenly, it was bunched not for a one year. It’s a wrong position to talk about the problem when it is too late to change something. The same situation is with ordinary borrowers who lend money and know about the consequences, though they are sure to pay back: They put themselves in stupid situation and then begin complaining! This Tower Semiconductor Ltd. is the casus of the same thing.

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