Yes, exactly. The private equity firms are known as "Junk yard dealers". My ex-company was a very good one, until it was bought by a PEF. Everyone knew it was time to leave, so we all jumped ship. A couple of weeks later, there was a mass lay-off, all jobs were outsourced to India. Many employees and Sr. managers worked for the company more than 10 years lost their jobs with little separation pay. Of course, the junk yard dealer themselves got a huge profit from it, just like Mitt Romney. Majority honest, hardworking empoyees paid ultimate price. And of course, in Romney's eye, these people are "lazy, victim-mentality, always want to get money from goverment". But we all know that is not true.
引用第39楼游客于2012-10-09 08:35发表的 回 31楼(游客) 的帖子 :
Mitt Romney's most prized business experience is with Bain Capital, which is a private equity firm specialized in leveraged buyouts. It makes money by acquiring companies that are in financial stress, restructuring them to inflate market values, and selling them to make a profit. The goal of the firm is to maximize returns for its investors, not to create jobs. As a matter of facts, the restructuring process often leads to significant job cuts, which makes the company's balance sheet more attractive to potential buyers.
Imaging if he runs our country with similar mentality, do you think he will care about working middle class folks? To him, we are just a cost number, which he will happily cut to maximize the wealth for his super rich buddies.  |
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发表于 2012-10-9 10:05:26
发表于 2012-10-9 11:03:21