Romney's Staples closing 60 stores around the world

[kpete]

Again, he is an awful candidate for president but it wasn't a fluke that he built a fortune of up to $378 million. If chopping jobs could make him a few more dollars, Romney would and has consistently taken the money. As the CEO of Bain Capital, his exclusive focus was money. Period. For a person like Romney that lacks empathy, it was the perfect job.

Anyone who thinks Romney can suddenly change and show compassion or care about jobs is kidding themselves. Running a country where you have to care about everyone and not just the select few is radically different from running a venture capital firm. Ten times out of ten, Romney would chop jobs the way Staples is doing now.

The chain expects the U.S. store closings will result in a charge of about $35 million in the fourth quarter. For fiscal 2012, it anticipates about 30 U.S. store closings. Staples also expects 30 stores will be scaled down and stores being relocated.

In Europe, the store closures are expected to occur before the end of fiscal 2012. The company has also tapped John Wilson to serve as president of Staples Europe. Wilson succeeds Rob Vale, who is retiring.
http://www.latimes.com/business/la-fi-staples-stores-20120926,0,6482353.story

http://www.americablog.com/2012/09/romneys-staples-closing-60-stores.html

[Initech]

1. Take the money and run - standard Bain Capital operating procedure.

Meanwhile the CEO of Staples made a good 8.8 million while the majority of his employees barely got an extra nickel per hour. Fuck this system.

[Jessy169]

2. Now we know why Romney's heart is aching for the jobless

I'm sure that at about the same time I realized that Staples was Romney's/Bain's store and decided I would never set foot in that store again, that thousands if not millions of other people around the world made the same decision at the same time.