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The day before an election that's supposed to hinge on jobs, taxes and the middle class, Bain Capital, the company Mitt Romney founded, will close the doors of a factory in Freeport, Illinois, and ship 170 good, high-tech jobs to China.
The employees of Sensata Technologies were forced to train their Chinese replacements, and the American flag that long flew over the factory was reportedly removed while the Chinese engineers were visiting the site.
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.
Just another projection from the Left. They are quick to accuse the Right of things that THEY are actually doing.
Years ago, my dad told me something that I have tested over and over and found to be purely accurate.
He told me "son when you see a democrat accusing a republican of doing something, just wait, it wont be long before you will find out that democrat is the one doing it!"
ive tested this over more than 20 years and it never fails.
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.
Years ago, my dad told me something that I have tested over and over and found to be purely accurate.
He told me "son when you see a democrat accusing a republican of doing something, just wait, it wont be long before you will find out that democrat is the one doing it!"
ive tested this over more than 20 years and it never fails.
Spot on! I see it daily now. It never fails either.
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.
The MODs should rename this...maybe even delete this thread, just because the false assertion...
Ferd killed the thread anyway, it's over.
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