American Presidential Candidates

[Southie]

Re: American Presidential Candidates

@BindazChakkar

How is it unethical? Pls elaborate.

Bain is a private equity investment company. It invests in a lot of companies. They takes risks - some investments pay off; many don’t - here is a study:

“Much of the firm’s profits was earned from a relatively small number of deals, with Bain Capital’s overall success and failure rate being about even. One study of 68 deals that Bain Capital made up through the 1990s found that the firm lost money or broke even on 33 of them.[SUP][40]](Bain Capital - Wikipedia)[/SUP] Another study that looked at the eight-year period following 77 deals during the same time found that in 17 cases the company went bankrupt or out of business, and in 6 cases Bain Capital lost all its investment. But 10 deals were very successful and represented 70 percent of the total profits.[SUP][41]](Bain Capital - Wikipedia)”[/SUP]

You can read the full report in Wiki Bain Capital - Wikipedia

I am not begrudging Bain Capital making money through risk taking. I dont have the smarts to do that. However, in my opinion, there is no risk taking involved in this particular endeavor.

Just read in todays WSJ, Caterpillar has closed a plant in London Ontario (paying union workers 35$/hr) to move it to Indiana (15-18$/hr). Indiana is mostly non-union.

I agree with one of your posts where you had talked abt pension benefits ballooning out of control. The right wing attacks Unions at every chance. Every single measure we now take for granted has been thanks to liberals/progressives - better working conditions, clean air, clean water, equal rights for women/minorities, etc.

Apple making it s IPODS, IPADS, Iphones (or whatever gadget) in China where a worker died after 34 hours of continuous shift - deplorable. They have $100B in their war chest - at whose expense? the working stiff.

So yes, I do pay attention when someone tries to stiff a hard working person.