This thread is almost a day old now, but hopefully some people will see this...
How does one shut down a large company without letting it fail first? I mean practically. Now that Britannica's business model is kaput, and there are dozens of better reasons to use Wikipedia, that leads Britannica by several orders of magnitude... is it even an option for them to say, "Lets just shut down, sell out assets, and give out the cash to the employees"?
Pretty much: business execs today could never let that happen. They would have to chase every dead end possible until the business completely failed, or it was bought by another company.
So, can a LARGE (non-Mom-N-Pop) business just close?