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View Diary: Bwahahahahahaha! American Airlines and Bain Capital. (282 comments)

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  •  "Facts" are wrong. (8+ / 0-)

    New York Times:

    Separately, unions and the United States Trustee, which monitors the bankruptcy process on behalf of the government, have objected to American’s use of high-priced consultants and financial advisers to work on its restructuring, including McKinsey & Company, Bain & Company, Perella Weinberg Partners and Rothschild Inc.

    Bain, for instance, is paid $525,000 a month to advise specifically on labor cuts at American Eagle, the company’s regional subsidiary, according to the Transportation Workers Union. A bankruptcy judge ruled Monday that the company was entitled to keep its advisers on a temporary basis until a scheduled hearing on the issue on Feb. 29.

    Bain (& Company -- NOT Capital... there's a critical difference) is advising American Eagle, a subsidiary; it did not advise AA on the recent suggested layoffs.

    This has nothing to do with Romney -- and it makes us look sloppy, especially when we insist on factual adherence elsewhere. Doesn't matter if "most people won't know the difference" -- we should know, and we should know better.

    Plenty of real substance to throw at Romney without getting sidetrack on the phony stuff.

    "We have so much time and so little to do. Strike that, reverse it." -- Willy Wonka

    by Huginn and Muninn on Mon Feb 06, 2012 at 03:10:00 PM PST

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