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Another Worst-Run Company Bites the Dust

By Scott Rothbort

 About this article:
 Another one of my Worst-Run Companies in the U.S. has filed for bankruptcy. This time it's Six Flags, which should change its slogan to "More Flags, Worst-Run." Every year in October I publish my list of worst-run companies in the U.S. Let's take a look at how they have fared: 2006 Inductees: 1. Alcoa: The company has managed to barely survive. The stock is sitting at levels not seen since the early 1990s. 2. Lucent, now part of Alcatel-Lucent: The failure of Nortel may have helped Alcatel-Lucent, but the company is still on life support. 3. Cablevision: Who knows what the Dolans have up their sleeve next. The company is highly indebted and remains a going concern but not necessarily a good investment. 4. Janus Capital: This asset manager never survived the tech crash. It is irrelevant in the world of investment advisory. 5. Sharper Image -- bankrupt. 6. Pier One...

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