killerzX on 16 July 2012
| thismeintiel said: The attacks aren't going to to a bit of damage in the end. A company got in business to make money? OMG, what a shock. Let's look at facts. Private equity firms, like Bain, buy companies that are already in financial turmoil, like Staples and CST were, and try to restructure them to start making a profit. Sometimes it works (see Staples) and sometimes it doesn't (GST Steel). To actually suggest these companies just want to buy companies to sell off their assets for a quick profit is just ridiculous and a flat out lie. One only has to look at the fact that Bain kept GST Steel alive for around 8 years or so after it acquired it, 8 years longer those people kept their jobs if Bain didn't acquire them. If Bain just wanted to sell the assets, they would have done it 7-8 years prior. It's already obvious this attack didn't work, since now they are switching to the "outsourcing attack." Which is going to do nothing, as well, since Obama had no problem with his job Czar moving factories overseas, is cool with using a travel agency that is located in India and China to book trips, and gave plenty of tax money to foreign companies. |
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