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Hughes' empire faced financial challenges from "summary" of Empire: the Life, Legend, and Madness of Howard Hughes by Donald L. Bartlett
Howard Hughes’ vast business empire, which spanned various industries including aviation, movies, and real estate, was not immune to financial troubles. Despite his immense wealth and power, Hughes faced numerous challenges that threatened the stability of his empire. One of the key factors contributing to Hughes’ financial difficulties was his tendency to overspend and take on risky ventures. He had a penchant for lavish spending, investing exorbitant amounts of money in extravagant projects that often failed to generate sufficient returns. This reckless behavior ultimately led to mounting debts and strained finances within his empire. Additionally, Hughes’ empire was plagued by mismanagement and inefficiencies that further exacerbated its financial woes. The lack of proper oversight and strategic planning meant that resources were often squandered and opportunities for growth ...
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