How Bain Capital helped BP blow up the Deepwater Horizon
 

that post is the only reference i can find.. only other thing is BP/Bain publicist connection etc.. you have any more links?

I can't stand Romney or the company he founded but I am going to need more than that in this instance.

It's on the Internet; what else do you need?

No. I stumbled upon it.

I did find this though.....

http://online.wsj.com/article/SB1000...090535738.html

"One of the first things Mr. Hayward did upon becoming CEO was commission Bain & Co., the management consulting firm, to "hold a mirror" up to BP. "They said: 'This is the most complicated enterprise we've ever come across," he says. "They had mapped 10,000 organizational interfaces?one for every 10 people."

"Mr. Hayward set about radically simplifying the company and cutting costs. Senior executives were cut by a quarter. In all, 6,500 people, or just under 10% of its work force, lost their jobs."


I did manage to find some discrepancies in the original article compared to the wall street journal article. The original article, written by Greg Palast from firedoglake, says it was Bain Capital, however, the WSJ article says it was Bain & Co that was hired as a consulting firm.

However, Romney was CEO of Bain & Co for a brief period of time as well...

http://en.wikipedia.org/wiki/Bain_%26_Company

Wiki says they are separate entities but they have extremely close ties to eachother.

Yea I do some fact checking. Take from it what you will.

The thread title is simply the title of the article. Never said it was fact.

However, I did spend time on researching the validity of the article which is more then I can say for you.

ignore him, gout

awesome, good enough, nice find

Well of course everything you read on the Internet is real, right?

Sorry, never heard of this guy and there no other proof. I call bullshit.

? did you read the second post?

sickening

Isn't there a difference between Bain Capital (the private equity/investment company) and Bain & Co (the management consultancy firm) ?

of course not

i am not sure he knows how to read

yea but romney happened to be the CEO of both

so..

Yah, and Bain Capital killed Princess Diana and poisoned Andy Griffith too! :1orglaugh

He left one position in 1993 and the other in 1999, but don't let that get in the way of bashing him for everything the company has done since.

at the time in order to get the loan reductions necessary, Romney threatened to use a legal loop hole to take all the liquid cash of the company and bonus it to all the partners of the corporation. This would bankrupt the company, and make the government and in extension taxpayers foot the multi million dollar bill of the loans they had organized.

but don't let facts or reality interfere with the blinders.

that just won't do.

you should cast your vote now! with tricks like that, it won't be long till Romney and Co 'fix' the US of A

While I can't fault any company for simplifying the company and cutting costs, but it seems Romney has pretty much zero track record in creating jobs as he was too busy getting rid of them..

It doesn't matter though because politics is never about your record it's only about what you promise and are able to make people believe. Sheep are easy to convince that you aren't going to steal the wool off their backs every year..

The question you should really be asking is where were the government inspectors? Why did they not know if the rig was unsafe, why wasn't it inspected if it was not safe and shut it down.

BP Rig Missed 16 Inspections Before Explosion - CBS News ...

Oil Spill: Feds Won't Release BP Inspection Records - CBS News ...

Regulators share blame in BP oil spill, lawmakers say - USA Today

Federal Inspectors Clueless About Cementing, Oil Spill Panel Finds ..

Is it possible that the Obama administration is negligent here?

do you mean the US government? i can't imagine the Obama admin is reviewing every safety regulation in the country

i thought you wanted him to fix the economy?

why target obama?