Posted on 07/28/2020 10:23:37 AM PDT by ek_hornbeck
Private equity firms come in all stripes, with a wide variety of ethical commitments. Some firms provide a way for small public companies to “go private” in order to manage themselves more strategically, free of the quarterly earnings obsession of public markets. Some provide financing for growing companies on the way to going public. Sadly, some could be fairly characterized as vulture funds, which buy mature companies, sell off assets, pay themselves huge dividends, load up on debt and pay themselves more huge dividends. This process sucks the company dry with bankruptcy or going public to bail out the PE sponsor
Romney’s firm Bain Capital indulged in quite a few of the latter type of transactions. I’m sure there are Romney fans here, but his vaunted private sector skill is mostly a sham. Rather, he is one of the biggest practitioners of predatory crony capitalism of our day.
[Sadly, some could be fairly characterized as vulture funds, which buy mature companies, sell off assets, pay themselves huge dividends, load up on debt and pay themselves more huge dividends. This process sucks the company dry with bankruptcy or going public to bail out the PE sponsor]
Law firm article on the clawback issue:
“Investment Funds On Hook For US Pension Liabilities”
What’s worse is that some of these pension plans were underfunded to begin with, before the PE investors got involved, as pre-takeover executives changed funding assumptions (i.e. reduced contributions) to keep the company afloat amidst declining operating financials.
Ive only shot a couple of Glock models but I didnt like the trigger at all. If you have to pay for a third-party trigger upgrade right out of the box, then what is so perfect about the product? Best that can be said is that there are so many after-market upgrades available that one can adopt the Glock platform and essentially design their own gun without much difficulty - but at an increased cost.
I bought some of that Remington Golden Bullet .22 LR a while back and had about a 10% failure rate.
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