Democrat U.S. Senate candidate Erskine Bowles doesn’t want voters to know about his personal involvement in making risky investment decisions after being hired to “operate” the investment firm Forstmann Little – which led to the loss of $1.5 billion “almost overnight” for investors and even millions of a state’s pension fund which is now suing the firm. (New York Times, 2/24/02) Don't cry for Frostmann Little.
Frostmann Little is a "buy out" company that buys out companies, fires employees, cuts benefits, and than tries to sell the company in whole or in pieces at an inflated price.
Frostmann Little and their executives deserve the worst.
I won't shed a tear for Frostman Little, or Erskine Bowles. Perhaps we might give a thought to thousands of investors and pensioners that have lost so much due to another Clinton crony in a position of power and responsibility.