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Maybe there's something there he doesn't want in the spotlight. Or, it's just his usual pattern. He'll make money, the employees lose, China's gain, and Romney's all talk.
You still have not proven how this is Romney's Bain?
walidm is all talk with nothing to back up his claims...but, this is normal for a leftist...
You still have not proven how this is Romney's Bain?
walidm is all talk with nothing to back up his claims...but, this is normal for a leftist...
You're kidding right? Contact the SOURCE if you're upset with the title of his article.
It's hard to imagine, but you're whining about the title of an article vs. showing some concern for the employees fighting to keep from losing their jobs.
Not one iota of empathy.
Oh, I forget. These folks are garbage to you. They might need entitlements when they're unemployed. If they had done a better job, they wouldn't be losing their jobs. They apparently didn't add enough value to keep their jobs from being outsourced.
Sensata workers have asked to meet with Mitt Romney and hoped to enlist his help keeping their jobs in the United States.
Romney refused.
The most important part of the story is that Sensata Technologies is profitable operating in Illinois. Net income last year was $355 million, up 16 percent from 2010. The company reported total revenues of $1.8 billion in 2011, up almost 19 percent from the year before. According to a company financial statement, "both 2011 net revenue and adjusted net income represent record levels for the company."
So this has nothing to do with "making hard choices" in the process of turning around a failing business.
Interesting
Quote:
Originally Posted by softblueyz
Not interesting.
Romney is a shareholder in Sansata. And having said that, before you start flapping your arms and find yourself hovering over your laptop, find out exactly what role a shareholder plays in a company. But I'll give you a hint - shareholders have little or no say in the way a company runs. Shareholders can make requests/recommendations to the BoD appointed/nominated by the shareholders to run the company, but the BoD is not obligated or obliged to accommodate shareholder requests/recommendations.
well said SBE, romney owns STOCK in bain capital, however he is not the president, CEO, or on the board of directors at bain. thus the workers at sensata are looking to the wrong person to save their jobs.
The problem with Romney saying "I'm a business man so I know how to create jobs and build this economy." is because while at Bain he operated with one goal, to maximize internal rate of return, in other words, make as much money out of the venture as possible (using as little as of his own money as possible).
He did not do anything out of larger concerns, i.e. for the welfare of the many employees whose jobs were cut, or shipping jobs overseas. Compassion and public good never entered into the equation. Is that really the viewpoint we want for a president?
He is not involved in the day-to-day operations or decision making. He's a SHAREHOLDER - an investor!!! If the company is profitable, he stands to make money, if the company is in the red or fails, he stands to lose money. Do you think the shareholders of IBM, Apple, and major corporations actually run the company and make decisions that impact the company?
Unfortunately, the flip-side of the coin is that once in a position of power, it is possible to manipulate favor toward a company so that the value of his holding improves, rather than loses. That becomes a "conflict of interest". Not a good situation for the country.
I've read a number of the posts, and see where a few posters seem to think there's nothing going wrong if they cut off the branch they're sitting on. A lot of the people that supported Obama in the last election have looked at what he's done and are willing to vote for anyone but Obama. I'm not the least bit happy with Obama, and did not support him last time. Unfortunately, I see Romney as jumping out of the frying pan, into the fire. I expect him to be even worse for the country than Obama. Oh, how I hate choosing between the "Lessor of the Evils". Neither one is fit to lead the country out of the recession. Three years from now, you won't be any happier with Romney than you are with Obama today. As a country, WE'VE GOT A PROBLEM.
Bain moves more American jobs to a foreign country, we get American Technology imported from China, and they will expect the American public to support them by buying their products (just like Apple), and it won't be able to happen because without the jobs, Americans won't have the money to support themselves. Bad move.
Sensata workers have asked to meet with Mitt Romney and hoped to enlist his help keeping their jobs in the United States.
Romney refused.
The most important part of the story is that Sensata Technologies is profitable operating in Illinois. Net income last year was $355 million, up 16 percent from 2010. The company reported total revenues of $1.8 billion in 2011, up almost 19 percent from the year before. According to a company financial statement, "both 2011 net revenue and adjusted net income represent record levels for the company."
So this has nothing to do with "making hard choices" in the process of turning around a failing business.
Interesting
I wouldn't intervene with a company I worked with years ago either.
Good to see they recognize he was instrumental in saving jobs when he was at Bain however.
Sensata workers have asked to meet with Mitt Romney and hoped to enlist his help keeping their jobs in the United States.
Romney refused.
The most important part of the story is that Sensata Technologies is profitable operating in Illinois. Net income last year was $355 million, up 16 percent from 2010. The company reported total revenues of $1.8 billion in 2011, up almost 19 percent from the year before. According to a company financial statement, "both 2011 net revenue and adjusted net income represent record levels for the company."
So this has nothing to do with "making hard choices" in the process of turning around a failing business.
Interesting
Maybe you haven't heard, probably not up on the latest news, but Mitt Romney has not been with Bain in years.
You're kidding right? Contact the SOURCE if you're upset with the title of his article.
It's hard to imagine, but you're whining about the title of an article vs. showing some concern for the employees fighting to keep from losing their jobs.
Not one iota of empathy.
Oh, I forget. These folks are garbage to you. They might need entitlements when they're unemployed. If they had done a better job, they wouldn't be losing their jobs. They apparently didn't add enough value to keep their jobs from being outsourced.
No, those are not the issues.
That wasn't the purpose of you posting this thread nor what poisters are responding to.
The issue here in this forum is that we are not buying this.
I am 100% confident that you have not posted this out of concern for those workers either. This is a false attempt to put something on Romney that is unwarranted.
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good grief.....
