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The dogs? -- those take-over targets of private equity firms.

The fleas? -- those overpaid employees, with all their 'blood-sucking' benefit plans, of course!


[...]
Mitt broke the mold there,” said William F. Weld, another former Republican governor of Massachusetts and private equity fund manager.

“The private equity business is a pretty good place to make a lot of money,” Mr. Weld added. “The market rewards people who show they can see value in a company quickly, adjust a few toggle switches and sell it again four or five years later. It is capitalism’s way of picking the fleas off the dog.”
[...]

“When you look at the amount of money these guys are making,” said Victor Fleischer, a legal scholar who has consulted with the Senate Finance Committee about changing the law, “the effective tax rate [15% capital gains rate] is just sort of shocking to the conscience.”

Romney’s Fortunes Tied to Business Riches
by David D. Kirkpatrick, NYTimes -- June 4, 2007
(Page 3 of 4)


Another private equity firm manager has a more "quaint way" of putting it ...

Say Hellooo to Mitt Romney, The Surgeon:

[...]
“Sometimes the medicine is a little bitter but it is necessary to save the life of the patient,” [Romney] said. “My job was to try and make the enterprise successful, and in my view the best security a family can have is that the business they work for is strong.”
Romney’s Fortunes Tied to Business Riches
by David D. Kirkpatrick, NYTimes -- June 4, 2007
(Page 1 of 4)


Look out for those GOP appendectomy flea-ectomies people.   YOU -- just may be their next problem to be removed ... from "the patient" ...


Also 'Beware of GOP salesmen' -- making BIG promises ... of health and well being.

Because afterall they DO have their "commission rates" ... and well, when was the last time you met a completely "honest sales rep"?


[...]
In “Turnaround” (Regnery, 2004), his memoir of running the 2002 Olympics in Salt Lake City, Mr. Romney wrote of his Bain career: “We had to sell business owners on why they should sell their business to us. We had to sell banks to lend us money, and we had to sell folks on giving us their money to manage.” Selling “is far from my favorite thing,” he wrote, but it was crucial to his career.
[...]

Its investors did very well, but not as well as Mr. Romney and the Bain Capital managers. Private equity firms typically keep 2 percent of the total invested in each fund as well as 20 percent of any profits.

Bain was hardly the only private equity firm delivering breathtaking returns in the early years, when there was little competition in the business and the stock market was soaring. But even among its peers, Bain’s results were so remarkable that by 1998 Mr. Romney had persuaded investors to let the Bain partners keep 30 percent of the profits -- an arrangement that is still rare.

Mitt broke the mold there,” said William F. Weld, another former Republican governor of Massachusetts and private equity fund manager.

Romney’s Fortunes Tied to Business Riches
by David D. Kirkpatrick, NYTimes -- June 4, 2007
(Page 3 of 4)


30% of the profits, at 15% capital gains tax rates -- well you do the math!

Pretty soon you're talking about REAL Billions!  Year after year. Company after company.


Who needs all those dang "fleas" anyways?  They are the bane of capitalism's dogs everywhere, doncha know.



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