Quote:
Originally Posted by crockett
These are the people who need to be taken on a boat 12 miles out and dumped at sea. 1 guy or a investment firm destroying thousands of jobs so he/they can get richer. This type of shit didn't make America great..
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I couldn't agree more.
Remember Mitt Romney's company, Bain Capital? They were the worse. They would borrow hundreds of millions of dollars or billions of dollars from investors, buy a company with financial problems, and try to turn it around. In the process they would charge tens of millions or hundreds of millions in "management fees". If they bought a company and it did well, the investors made money, and Bain Capital made money in "management fees". If the company failed, the investors got screwed, but Bain Capital still made their money.
Bain Capital is behind the Toys R Us failure. Toys R Us in Canada is doing fine, Toys R Us in the United States just failed - because of Bain Capital. Bain Capital was also behind the failure of KB Toys too.
It's a horrible way of doing business.