At Bain, or at any other corporation, is it the CEO’s obligation to maintain jobs in the US or to do well by his shareholders? Just wondering.
That’s a totally irrelevant question. We’re asking who is electable. And someone who engaged in that kind of business practice will lose many votes, as Carly Fiorina proved in California when she lost the Senate race. Once it’s pointed out and demonstrated in political ads, that activity will inspire much hate in voters.
They bought companies borrowed against the assets, doled out big bucks of working capital to shareholders and then slowly watched as the companies they had just bought slowly went out of business under the debt burden when they could not pay the debt back.Dirty pool,not capitalism something else.