Let’s find out how many “pension funds” were raided by Bain Capitol before forming ignorant opinions. It’s one thing to buy a company, sell its’ assets, and move on. It’s another to raid pension funds that people spent years saving, and leave them unemployed with no retirement funds.
Yes, and let's wait and see how many jobs were really created?
I am sick of this "pension fund is sacred money BS." A pension fund is no freaking different than any other investment, and in fact is one that the individual investor has little or no control over. In a pension, the individual investor has decided to be a lazy ass chump wearing rose colored glasses that has opted to give up their financial well being to the whims of not only the market, but doing so while putting all their eggs in one basket, while betting on one entity.
A pension fund is an asset of a company plain and simple and it is fair game if the company is failing in most cases.
Why should a pension fund for a line worker be treated any differently than company stock purchases or options by an office worker or CEO? If the company tanks you lose either way.
The only real difference is that pensioners have given up their right to control their investment by in large, whereas company stocks are (in most cases) more liquid.
I don't like this pension BS at all. It's the workers fault that they fall hook line and sinker for a "promise" they don't and can't control.