Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

ProSense

(116,464 posts)
Sat Sep 29, 2012, 02:56 PM Sep 2012

ROMNEY’S GOAL FOR THE COMPANIES BAIN ACQUIRED: “HARVEST THEM AT SIGNIFICANT PROFIT” (Robert Reich)



ROMNEY’S GOAL FOR THE COMPANIES BAIN ACQUIRED: “HARVEST THEM AT SIGNIFICANT PROFIT”

Here’s a video of Romney in his early years at Bain, explaining his purpose in acquiring companies was to “harvest them at significant profit.”

No one should be surprised. After all, Bain Capital wasn’t in the business of creating jobs. It was in the business of creating profits.

The two goals aren’t at all the same — as Americans whose jobs have been eliminated or whose wages and benefits have been cut know all too well.

For years, higher corporate profits have come at the expense of fewer jobs and lower wages. Business leaders and financiers have been “harvesting” like mad, leaving most Americans behind in the dirt.

- more -

http://robertreich.org/post/32401443092


2 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
ROMNEY’S GOAL FOR THE COMPANIES BAIN ACQUIRED: “HARVEST THEM AT SIGNIFICANT PROFIT” (Robert Reich) (Original Post) ProSense Sep 2012 OP
"Job destroyers" would be a far more accurate term for them. Initech Sep 2012 #1
You're supposed to ProSense Sep 2012 #2

ProSense

(116,464 posts)
2. You're supposed to
Sat Sep 29, 2012, 03:45 PM
Sep 2012

pretend that Mitt walking away with millions after destroying a company is the same as job creation.

Latest Discussions»General Discussion»ROMNEY’S GOAL FOR THE COM...