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

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  •  I keep clicking (1+ / 0-)
    Recommended by:
    middleagedhousewife

    articles. I found one that said Bain & Company, the place Romney worked for before he started Bain Capital.

    I'm not trying to start an argument, just want to know the truth.

    have a good evening

    •  Look, this is the internet. So (3+ / 0-)
      Recommended by:
      Sanuk, Balto, erush1345

      many blogs, and even some reporters, get it wrong. But we're smart here, right? When the truth is pointed out, we understand that lots of shit on the internet is false. If you are still confused, why not go to each of Bain Capital and Bain & Co. websites to see what each actually does? Because there really is no confusion to people who understand the nature of their businesses.

    •  it's the co. (2+ / 0-)
      Recommended by:
      erush1345, VClib

      Bain Co does restructuring consulting.  That's what this is about.

    •  Bain Capital was company formed by Bain partners (2+ / 0-)
      Recommended by:
      litoralis, ahumbleopinion

      in 1984 as a venture capital fund.  It was a separate entity from the start.  In 1989 its business model changed from a  venture capital fund to a PE company.  

      When it was more of a venture capital fund it invested seed money in Staples (among other companies) which gave Staples the capital to grow.  

      The change to a private equity/LBO business model in 1989 was a change from investing in start up companies to give them capital to grow to taking over mature companies and "restructuring" them.  

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