But then how to explain the history of Bain Capital? Mr. Romney started the business in 1984. The company has since bought and sold many businesses and executed thousands of financing transactions.
If Bain's standard operating procedure were to hand the next owner of one of its companies a ticking bankruptcy package, how is Bain still finding buyers nearly three decades later? And who would agree to lend money to a company backed by Bain? Wouldn't word have gotten around by, say, 1987 that Bain's portfolio companies weren't creditworthy?
http://online.wsj.com/article/SB10001424052702303360504577412403839709854.html?mod=WSJ_Opinion_LEADTop
Nuff said about that.
If Bain's standard operating procedure were to hand the next owner of one of its companies a ticking bankruptcy package, how is Bain still finding buyers nearly three decades later? And who would agree to lend money to a company backed by Bain? Wouldn't word have gotten around by, say, 1987 that Bain's portfolio companies weren't creditworthy?
http://online.wsj.com/article/SB10001424052702303360504577412403839709854.html?mod=WSJ_Opinion_LEADTop
Nuff said about that.
No comments:
Post a Comment