tag:blogger.com,1999:blog-8385980565904904763.post1295976068150435269..comments2023-09-13T09:26:04.804-04:00Comments on The Bell: Vultures In Quiet RoomsTheBellhttp://www.blogger.com/profile/09253000097214821634noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8385980565904904763.post-60153093067171619092012-01-13T16:56:49.662-05:002012-01-13T16:56:49.662-05:00Well, another great piece by The Bell. What Bain d...Well, another great piece by The Bell. What Bain did was to maximize their gain at whatever cost to the company and the community it took to make money for themselves. This is nothing more than looting. Anyone who agreed to let them come in was likely part of the grease job. A hostile takeover usually happens to publicly traded companies where a Gekko type identifies low stock prices relative to book value or liquidation value. This type of business activity was very common in the 80s and 90s. Many fortunes were made by investors poring over balance sheets looking for undervalued assets relative to market caps. In California, one company was Pacific Lumber in Mendocino County. They held vast tracts of land with giant redwoods on them which had never been harvested because the owners just could not bring themselves to cut down these gorgeous cathedrals of nature. Well, a man with tons of dough bought them up for a song and then started cutting down trees. Old growth trees that were hundreds of years old. People started tying themselves to giant redwoods, sat in tree tops for months and protested them in town. It was really quite disgusting. That is how I view what Romney did to get rich. Rape and pillage with no other motive than personal gain. Is it capitalism? Sure is. So was slavery.Woolleyhttps://www.blogger.com/profile/00205212131225536157noreply@blogger.com