Not from the articles that I read. One article stated that Bain stripped a company of all assets and the government stepped in and funded retirement etc to the tune of $44 million but Bain MADE money. And walked away with it. You REALLY want someone like that as President? I think he needs to answer some questions.
And to add salt to the vulture wounds, Mitt shipped the profits OFF SHORE so he wouldn’t have to PAY TAXES on them.
What a guy !
No, I don't want him as President at all, which is why I said what I did in my opening sentence.
Not from the articles that I read.
Read some others to get the entire picture. The KC shop to which you are referring was rife with problems....pension gaps, union shop, dire need of upgrades. It was much like the auto companies which overreached and overpromised with back end deals like pensions. Hard to be competitive and in for the long haul when you're paying a lot of people who aren't working and making product anymore.
Bain made a profit after the failure, mostly due to a merger of that company with another steel mill in SC. The media makes it sound like the company was bought, pillaged, then closed. It was purchased in 1993 and finally went under in 2001. Why bother dealing with it for 8 years if you're a "slash and burn" entity?
Oddly enough, Bain was a part-owner of an Indiana steel mill. It was quite profitable, mostly because it was a non-union shop able to compete.
Incidentally, Romney had left Bain Capital in '91 to reorganize Bain & Co. It's like trying to tie everything Haliburton ever did with Dick Cheney.