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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. |
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