Great Graph: "Literally A Textbook Case Of Executive Greed And Mismanagement"

[kpete]

................

It is now a case study in what not to do.

“If the firm value is based on optimistic future growth projections, this may leave the firm in a vulnerable position, which is what happened at Bain & Company in the late 1980s,” says Halacher’s industry textbook.

As for Romney, he had formally left the firm about a year before the move, with Bain’s personal blessing, to start a sister company, Bain Capital. That meant he wasn’t involved in creating the ESOP, and didn’t personally profit from it; if he shared private opinions on the scheme at the time, they have not been revealed. (A Romney spokeswoman, Andrea Saul, declined to comment on the episode.)

http://www.buzzfeed.com/buzzfeedpolitics/in-bains-crash-an-ambiguous-romney-role

[rfranklin]

1. Where's the ambiguity here...Romney benefited directly from funds looted from Bain & Co....

Romney kept raising and investing money through the decade, and the money came from Bill Bain and his partners – whose own wealth came in part from the disastrous ESOP.

http://www.buzzfeed.com/buzzfeedpolitics/in-bains-crash-an-ambiguous-romney-role

[girl gone mad]

2. k & r