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During such crises, airlines often take on substantial debt to maintain solvency and preserve their operational workforce and customer relationships. Some reports even suggest he attempted to bribe his way to safety with foreign governments as his support crumbled. Sloan’s career began in the very heart of Wells Fargo’s operations. During his lifetime, he was wealthy by the standards of a scientist, but he was not a billionaire. The most valuable corporations often operate with a fortress balance sheet, characterized by low debt-to-equity ratios and substantial cash reserves.
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