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Rochard, correct me if I'm wrong...but wasn't EVERY company that Bain acquired already in a lot of trouble and on the verge of bankruptcy?
That's what Bain does. They are contacted by companies who are on the verge of going belly up, they buy them, try to fix them and sell them.
If the company just isn't going to make it no matter what (which means consumers are not buying their product), then Bain tries to make as much money off of the company as it can.
Doesn't sound "bad" to me. Sounds like smart business.
I'd like to see those same principles applied to govt.
Our society sometimes seems turned upside down.
What has always been sound financial principles are suddenly thought to be "bad".
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