Paul Allen Gets a Lesson in Leverage

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Paul Allen, who most thought would eventually pass Bill Gates as the world's richest person, is having some trouble with his Charter Communications investment. Basically, Charter is over-leveraged and doesn't have enough cash on hand to pay bankers and finance operations. Allen must have gotten a little too excited about his "wired world" vision. Sometimes accepting slower growth in order to have a healthier balance sheet is a good idea.

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