Two groups of past employees of "Bain Capital" are heading to the United States, to make their case against the way "Mitt Romney" threw them out of job,when Romney was the head of Bain Capital. Romney closed many companies in Europe, just because he wanted personal wealth.This week two groups, made up of Europeans from different countries are going to make their case to the people of United States, after all their effort to wage a case against Mitt Romney and Bain capital were blocked.
Likes54: Two groups of past employees of "Bain Capital" are heading to the United States, to make their case against the way "Mitt Romney" threw them out of job,when Romney was the head of Bain Capital. Romney closed many companies in Europe, just because he wanted personal wealth.This week two groups, made up of Europeans from different countries are going to make their case to the people of United States, after all their effort to wage a case against Mitt Romney and Bain capital were blocked.
If Romney had wanted personal wealth he would have never left Bain Capital to enter public service. He would be a billionaire by now, like George Soros, the hedge fund queen.
Likes54: Two groups of past employees of "Bain Capital" are heading to the United States, to make their case against the way "Mitt Romney" threw them out of job,when Romney was the head of Bain Capital. Romney closed many companies in Europe, just because he wanted personal wealth.This week two groups, made up of Europeans from different countries are going to make their case to the people of United States, after all their effort to wage a case against Mitt Romney and Bain capital were blocked.
Likes54: Two groups of past employees of "Bain Capital" are heading to the United States, to make their case against the way "Mitt Romney" threw them out of job,when Romney was the head of Bain Capital. Romney closed many companies in Europe, just because he wanted personal wealth.This week two groups, made up of Europeans from different countries are going to make their case to the people of United States, after all their effort to wage a case against Mitt Romney and Bain capital were blocked.
If you cant do the work, and the business fails. People lose jobs. Also a lot of people got generous severence packages. If I bought a business and it wasnt MAKING money, I would do the same thing. Funny you blame Romney, but companies here in the USA, are cutting full time employees to PART TIME so they dont have to pay for Obama care! Obama, bad for America, great for cowards!
I know you just love to eat up all that party rhetoric and anything you think that can discredit Romney but the facts just aren't as easy as you want them to be. It must bug you that there is so little dirt on him, but that's what happens when there isn't much dirt to begin with. But back to Bain...
Are you aware that there are two Bains? One is Bain Capital and one is Bain and Company - which is not a private equity firm at all. Now I know you don't want to hear all this but facts are facts...
Bain & Company and Bain Capital are separate companies, with no shared ownership, governance or employees.
Bain & Company is not a private equity firm. It is a global business consulting firm, serving clients across six continents in multiple industries, including the private equity industry. They are the world's leading advisor to the private equity industry and its stakeholders.
Mitt Romney Bain & Company from 1977 to 1985. In 1985, as a vice president, he left to help found Bain Capital.
He rejoined Bain & Company in the early 1990s to help the firm develop and execute a turnaround plan. He led a financial restructuring that included renegotiation of debt held by major creditors and put Bain & Company on the path to lasting growth and success.
He left Bain & Company in 1992 to return to Bain Capital.
Today, Bain & Company is a world-renowned consulting firm with 5,500 employees around the globe and has been ranked "The Best Firm to Work For" by Consulting magazine for 10 years in a row.
Oregongold: If you cant do the work, and the business fails. People lose jobs. Also a lot of people got generous severence packages. If I bought a business and it wasnt MAKING money, I would do the same thing. Funny you blame Romney, but companies here in the USA, are cutting full time employees to PART TIME so they dont have to pay for Obama care! Obama, bad for America, great for cowards!
Agreed. Those companies would be shuttered and all of the employees would be out of work had someone not intervened. Better to lose 100 employees if 800 can keep their jobs.
Liberals love to spout how Obama saved GM - but they never mention the enormous tax bill owed to "we the people" or the 2,000 car dealerships they demanded the company close. That's approximately 50 jobs per dealership...you do the math.
But oh yeah...they don't count because they aren't union jobs.
Why is closing 2,000 car dealerships in the course of restructuring GM any different than what Bain often has to do????
Likes54: Two groups of past employees of "Bain Capital" are heading to the United States, to make their case against the way "Mitt Romney" threw them out of job,when Romney was the head of Bain Capital. Romney closed many companies in Europe, just because he wanted personal wealth.This week two groups, made up of Europeans from different countries are going to make their case to the people of United States, after all their effort to wage a case against Mitt Romney and Bain capital were blocked.
Your point is stupid, thats not how equity companies work. They "make" big money getting companies up and going again when the stock goes way up. What you're talking about is the last resort. Your way makes equity companies the least not the most and they work to make the most!
In response to: Two groups of past employees of "Bain Capital" are heading to the United States, to make their case against the way "Mitt Romney" threw them out of job,when Romney was the head of Bain Capital. Romney closed many companies in Europe, just because he wanted personal wealth.This week two groups, made up of Europeans from different countries are going to make their case to the people of United States, after all their effort to wage a case against Mitt Romney and Bain capital were blocked.
Likes54: Two groups of past employees of "Bain Capital" are heading to the United States, to make their case against the way "Mitt Romney" threw them out of job,when Romney was the head of Bain Capital. Romney closed many companies in Europe, just because he wanted personal wealth.This week two groups, made up of Europeans from different countries are going to make their case to the people of United States, after all their effort to wage a case against Mitt Romney and Bain capital were blocked.
Why should we even listen to them?
They are not Americans. They cannot vote here. They are just disgruntled employees that got fired from some reason or another. Happens all the time.
Will not your French sensitivity upset if Americans come to France to debate your elections? I have some relative living in Paris. I will send them Co Ed piece to place in the Paris newspapers about why France is going broke. Even if they tax the wealthy to 75%.
EXCLUSIVE: Romney Invested Millions in Chinese Firm That Profited on US Outsourcing
According to government documents reviewed by Mother Jones, Romney, when he was in charge of Bain, invested heavily in a Chinese manufacturing company that depended on US outsourcing for its profits—and that explicitly stated that such outsourcing was crucial to its success.
This previously unreported deal runs counter to Romney's tough talk on the campaign trail regarding China. "We will not let China continue to steal jobs from the United States of America," Romney declared in February. But with this investment, Romney sought to make money off a foreign company that banked on American firms outsourcing manufacturing overseas. On April 17, 1998, Brookside Capital Partners Fund, a Bain Capital affiliate, filed a report with the Securities and Exchange Commission noting that it had acquired 6.13 percent of Hong Kong-based Global-Tech Appliances, which manufactured household appliances in a production facility in the industrial city of Dongguan, China. That August, according to another SEC filing, Brookside upped its interest in Global-Tech to 10.3 percent. Both SEC filings identified Romney as the person in control of this investment: "Mr. W. Mitt Romney is the sole shareholder, sole director, President and Chief Executive Officer of Brookside Inc. and thus is the controlling person of Brookside Inc." Each of these documents was signed by Domenic Ferrante, a managing director of Brookside and Bain.
AlbertaghostCultural Wasteland, Alberta Canada5,914 posts
Likes54: Two groups of past employees of "Bain Capital" are heading to the United States, to make their case against the way "Mitt Romney" threw them out of job,when Romney was the head of Bain Capital. Romney closed many companies in Europe, just because he wanted personal wealth.This week two groups, made up of Europeans from different countries are going to make their case to the people of United States, after all their effort to wage a case against Mitt Romney and Bain capital were blocked.
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Romney closed many companies in Europe, just because he wanted personal wealth.This week two groups, made up of Europeans from different countries are going to make their case to the people of United States, after all their effort to wage a case against Mitt Romney and Bain capital were blocked.