| Kasz216 said:
Companies like Bain Capital are essentially the Doctors of the Buisness world. I mean, would you complain about a Doctor who took did lifesaving surgery that made a patients body not work as well? Or that had patients die but still charged the relatives? Keep in mind. Doctors get paid too. The difference between a company like Bain Capital and a Doctor is... the Doctor gets the same amount of money no matter whether he succeeds or not. Bain Capital makes more money if it saves it's patient and then resells the successful company.
I mean sure, you might see the occasional attack video, which oddly all were after Romney left Bain... where some average employee says "Things were fine before Bain came in." They mean fine for them. They aren't buisness experts.
It's why a LOT of demcorats have broken ranks from Obama on such attacks. Hell, even Bill Clinton, whose wife is secretary of state spoke out against the Obama attacks! Even he felt the need to come out and say what Bain Captial did was good work. |
I just wanted to expand upon this ...
On this forum we regularly hear people talk about what companies should do, or suggest that a company's management is holding it back, and firms like Bain Capital put their money where their mouth is; and are (usually) only profitable when they're right. Usually when a company is bought, even if it ends up being run better, many employees will be upset because of the changes that were made.
Hypothetically speaking, suppose a company like Bane Capital took over Sony, split it into multiple companies and had the console gaming buisness run by a seperate company. To ensure consistent profitability the game development plans were re-structrued so that 2 big buget, 4 medium budget, 8 low budget and 16 micro budget games were produced for a console a year; and game hardware would no longer be sold as a loss leader. While the new Playstation company may have more reliable revenues, higher profits, and be far more likely to survive many of the employees (and consumers) would still think the "good old days" were far better.
Regardless of what employees and consumers thought about the changes to a company like this, Bain Capital would only make money if the resulting companies were worth more to investors than Sony currently is.
