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Old 09-02-2012, 07:09 AM  
bronco67
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Join Date: Dec 2006
Posts: 29,032
Quote:
Originally Posted by Rochard View Post
Here's how the article closes:

Bain Capital bought KB Toys in 2000, after Romney retired. He wouldn't have been involved in financial decisions, though he would have profited from them. The company did choose to take on debt, buy stock and pay investors a dividend, even as the toy store chain struggled to find its niche in a volatile industry.

Seems to me Romney profited, and that's that.

This is what Bain Capital does (or did). They borrowed money to buy stressed companies, sell off what is profitable, attempt to restructure the rest, and collect a huge management fee. It doesn't matter to them if the company survives or not or who losses their job in the process. They make money no matter what.
basically, he's Gordon Gekko, except not as cool.
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