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View Diary: Here Is What Is Happening With #Sensata (51 comments)

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  •  Mitt Romney, through his retirement package (4+ / 0-)
    Recommended by:
    ExStr8, elwior, JayRaye, jan4insight

    with Bain, the company he founded to "harvest" other companies for profit (exactly what Bain is doing to Sensata), still owns 8 million worth of Bain shares:

    When Bain first led a buyout of Sensata, in fact, it laid off hundreds of American workers and sent their jobs offshore. As the Times reported, the Labor Department spent $780,000 retraining some of the laid-off employees.

    In addition, Mr. Romney’s generous retirement agreement ensures that he continues to profit from the deals and decisions that Bain makes. He owns about $8 million worth of Bain funds that hold 51 percent of Sensata’s shares. If Sensata saves money by closing the Freeport plant, that could add money to Mr. Romney’s trust accounts, now or after the election.

    Link:  http://takingnote.blogs.nytimes.com/...

    "On their backs were vermiculate patterns that were maps of the world in its becoming. Maps...of a thing which could not be put back. Not be made right again."

    by middleagedhousewife on Mon Oct 15, 2012 at 02:18:07 PM PDT

    [ Parent ]

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