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A CEO that helped rescue his company from near bankruptcy shares a key mistake people make with money (TREX)

September 14, 2017

When Trex Company was on the brink of bankruptcy in 2008, it fired more than three dozen executives.

Then, the former CEO tapped James Cline, an ex-colleague, to be chief financial officer of the maker of outdoor decks and railings.

Cline, who’s now the chief executive, oversaw the company’s finances for seven years through 2015. In that time, Trex’s debt shrunk from $134 million to $1 million, and the company went from bleeding money to a positive cash flow.

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