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Actually, yes, they were. But read my post again anyway, because that was not the strategy I emphasized.
they paid them pennies on the dollar because they were bankrupt before they were even purchased. Bain managed to save I heard 78% of the businesses they bought into, while 22% of them continued to have hardships and ended up going out of business. These figures directly dispute the strategy you emphasized because you dont get rich from buying up bankrupt companies and then sinking tens of millions into them.
Biane is no more unethcal than nay business from what i have seen. in fact no more unethical that a huge per cenatge of americans ;depending o what you call unethical.Its all i the definition really. i would say the loan to Slyinda where unethcal prepayment to specail interest of invetors money and the investor was the american taxpater.I would even say that anyoe who got a loan and signed a false income statement to get it are not only unethical but chragablke under the law. OP might have heard them called "Lier loans".
Bain Capital operates like the Gypsies that buy all the crap from stores going out of business, and resell it from their van.
Quote:
Originally Posted by pghquest
they paid them pennies on the dollar because they were bankrupt before they were even purchased. Bain managed to save I heard 78% of the businesses they bought into, while 22% of them continued to have hardships and ended up going out of business. These figures directly dispute the strategy you emphasized because you dont get rich from buying up bankrupt companies and then sinking tens of millions into them.
Location: By the sea, by the sea, by the beautiful sea
68,330 posts, read 54,400,252 times
Reputation: 40736
Quote:
Originally Posted by T-310
They make money for their investors.
How is that bad?
So did mining companies in the 'good ol' days' when safety standards were non-existent and workers regularly died on the job, I guess you'd like to go back to that just as long as the investors get paid, eh?
That's exactly what you're supporting if ROI is to be the only thing a company is judged by.
Companies that lay-off American workers and off-shore their operations to sweat shops make money for their investors, do you really think that';s suatainable and good for the country in the long-term?
So did mining companies in the 'good ol' days' when safety standards were non-existent and workers regularly died on the job, I guess you'd like to go back to that just as long as the investors get paid, eh?
Location: By the sea, by the sea, by the beautiful sea
68,330 posts, read 54,400,252 times
Reputation: 40736
Quote:
Originally Posted by pghquest
Where did anyone suggest such a thing?
"They make money for their investors.
How is that bad?"
It's suggested by implying making money for investors is the sole criteria a company should be judged by.
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