Nothing is wrong with having all workers share in a company’s good business results. In fact, it builds team and commitment.
Bain’s bankruptcy tactic was, in my opinion, illegal. It was not just workers who were injured by their abuse of bankruptcy laws, but also creditors and contractors. All of those took serious losses at pennies on the dollar.
I continue to wonder how Bain Capital controlled these companies but were not liable for their debt out of Bain assets.
How were they able to siphon off millions upon millions in fees from the borrowed money but NOT have to pay with their assets when the bankruptcy was dealt with in court?
Probably only John Corzine...who is still walking around and not in jail...knows.