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NY Times: After a Romney Deal, Profits and Then Layoffs

Discussion in 'Sports and News' started by YankeeFan, Nov 13, 2011.

  1. YankeeFan

    YankeeFan Well-Known Member

    And, we're off:

    http://www.nytimes.com/2011/11/13/us/politics/after-mitt-romney-deal-company-showed-profits-and-then-layoffs.html?_r=1&hp=&pagewanted=all
     
  2. deskslave

    deskslave Active Member

    Unintended human costs? What was unintended about them?
     
  3. Azrael

    Azrael Active Member

    Did we all not know this already? Greed is good; Brione suit; cut payroll; raise profits; waiter I'll have the bay scallops?
     
  4. YankeeFan

    YankeeFan Well-Known Member

    Order the Digby scallops. They're the best, and they're flown in daily.
     
  5. Ben_Hecht

    Ben_Hecht Active Member

    Old story, and Mitt's greatest burden, aside from his being a wooden stiff: his history as a career slash-and-cash "artist".

    Good luck selling that in Pennsylvania and the other blue-collar outposts.
     
  6. britwrit

    britwrit Well-Known Member

    I'm sure Mr. Shoemaker will have a new job soon in an Obama campaign ad.
     
  7. Greenhorn

    Greenhorn Active Member

    That and these biographical facts:

    --is a rich (former) governor
    --dad was a wealthy politician who ran for president
    --dad was named George
    --one of his first two initials is W.
     
  8. TigerVols

    TigerVols Well-Known Member

    An old story, sure, for those of us who are political junkies.

    For the other 90 percent of the country, who barely know him, these kind of facts are not in their minds yet. Neither are they aware of his stint as a Mormon bishop.

    And despite this, he STILL trails Obama.

    No wonder the GOP is floundering around looking for any possible alternative.
     
  9. Tarheel316

    Tarheel316 Well-Known Member

    Gordon Gekko approves.
     
  10. Starman

    Starman Well-Known Member

    The same thing is true of all the "business wizards" pushed forward as GOP darlings. They never create jobs -- not a single one -- they pump up corporate profits (usually temporarily) by slashing payrolls and throwing people out of work.

    Cain and Fiorina particularly flagrant examples. Also several of the leading lights of the current GOP-wingnut governor cadre, like Scott and Snyder.

    Not unintended, just ungiven-a-shit-about.
     
  11. Boom_70

    Boom_70 Well-Known Member

    This really should not come as any real surprise. It's what private equity firms do. They buy undervalued businesses, put their management expertise to them and build their value. Happens all the time.

    Not a huge Romney fan, but just once I would like to see a business man take over country and apply some business logic towards a more efficient government.
     
  12. Starman

    Starman Well-Known Member

    How much expertise does it take to say "let's get rid of half of the workforce?"
     
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