Mismanagement is the reason why companies like Valeant struggle with so much debt. I should know- I work for Sobeys/Safeway, which is 2 billion dollars in the hole right now. Despite this, they continue to make the absolute worst decisions in their business practices. Cutting staff, reducing wages, taking the locks off the shopping carts, increasing the work load, closing stores, doing promotional days without adequate staffing, allowing shelves to go empty, discontinuing popular Safeway brands, and continuing to ignore the concerns of both customers and employees are just some of the problems that are killing my company.  Managers nowadays don't seem to have the skills to run businesses.