Skip to main content

View Diary: Mr. Romney's Business Plan for America (31 comments)

Comment Preferences

  •  Never been thru LBO, but been threatened with one (4+ / 0-)
    Recommended by:
    rk2, palantir, Flint, Nailbanger

    for several years.  I work for a very large corporation, and back in the early 2000s they were downsizing, outsourcing, and cost-cutting like crazy.  They told us the problem was that they had to get the stock price higher or "GE will buy us, and sell off the assets, and you'll all be out of a job."  I didn't realize it at the time, because I wasn't very knowledgeable about vampire-squid capitalism back then - but the real prize that made us vulnerable was our pension fund.  Nothing makes the Bain Capital types go kookoo for cocopuffs like a big juicy pension fund.

    Fox News is to the truth as a flaming bag of dog shit is to a packed lunch. --MinistryOfTruth

    by snazzzybird on Sat Sep 01, 2012 at 01:26:56 PM PDT

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site