Cutler's Closing Down...Sad Day for New Havenites...
On Mon, 21 May 2012 16:22:12 -0400, X ` Man
wrote:
1. It's not a political spin...it's how a decent, family run company is
being shut down gracefully, as opposed to how the Vulture Capitalists
like *Bain* do it.
===
I don't claim to be an expert on Bain and the real truth will be
elusive for a while depending on who you talk to. Generally speaking
however, so called vulture capitalists are those who buy up the shares
(or bonds) of businesses that have fallen on hard times for one reason
or another. Sometimes they just liquidate the assets for whatever
they can get, and sometimes they try to get the firm back on it's
feet. In either case prospects for current employees are not that
great regardless. I'd ask you rhetorically whether it is better to
lose your job because the business failed or because someone tried to
cut costs and keep the business running? If the business can be
revived at least some people get to keep their job.
|