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Post by keystonejenks on Nov 16, 2012 8:59:20 GMT -5
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Post by baldrick on Nov 16, 2012 10:14:09 GMT -5
Remember, management can do no wrong. They're the "job creators", aren't they? ;D
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Post by jeromeoneil on Nov 16, 2012 12:27:27 GMT -5
This is the Bain Capital model. Hedge funds took over a distressed company, loaded it with debt ($700 million, in this case) put all that cash in their pockets, and are now filing bankruptcy.
If you or I did that, we'd be indicted for fraud.
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Post by baldrick on Nov 16, 2012 15:19:40 GMT -5
Could be a case study... Apparently ethics, long-term thinking, and social responsibility are forbidden subjects in B-School, these days.
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Post by jesus on Nov 16, 2012 15:42:58 GMT -5
Better get your twinkies while you can.
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Post by keystonejenks on Nov 16, 2012 16:50:31 GMT -5
Could be a case study... Apparently ethics, long-term thinking, and social responsibility are forbidden subjects in B-School, these days. It's because they look at quarter-to-quarter and not years down the road. Hell, if you asked what their long term strategy was they would probably look at you funny.
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Post by baldrick on Nov 16, 2012 18:34:51 GMT -5
Yep. It's all about getting executive level cash out as quickly as possible, and who cares about anyone else's future...
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Post by keystonejenks on Nov 19, 2012 16:48:50 GMT -5
Yep. It's all about getting executive level cash out as quickly as possible, and who cares about anyone else's future... Well...here you go!
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Post by kitkat on Nov 19, 2012 20:32:56 GMT -5
gawd...greed knows no bounds does it? And these are the pigs who wanted the people who actually WORK there to take pay cuts...unbelievable.
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Post by will on Nov 20, 2012 12:30:21 GMT -5
We are due for a decade or two of labor unrest.
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