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Gibson guitar company, maker of the Les Paul, facing bankruptcy after 116 years in business
The departure of Lawrence was seen as a bad sign for a company trying to re-organize.
The company owner since then, Henry Juskiewicz, is trying to re-order the company according to the Post but is facing a battle with creditors over bad business decisions. The company recently sold Baldwin piano, and is hoping to see a boost in cash from the various electronics companies it had purchased the last several years.
