Bain Capital closing Illinois Plant

[Toro]

The point is you are an asshole. A community suffers, but corporate raiders profiit and this you support and try to justify. If the weak company dies of natural causes, so be it. Some assets will exist which may benefit the community and the employees, When Bain or other raiders take over a company who profits? Not the employees, not the community. only Bain and it's stockholders [who were never stakeholders].

That, again, is not true.

We should rely on empirical evidence, not emotional anecdotes. From the empirical research

private equity backed LBOs have no significant impact on either employment or wages.

and

private equity buyouts catalyze the creative destruction process in the labor market, with only a modest net impact on employment. The creative destruction response mainly involves a more rapid reallocation of jobs across establishments within target firms.

http://www.usmessageboard.com/economy/234273-private-equity-has-minimal-effects-on-employment.html

 

[Toro]

Well, I would know since my experience includes working with both high net worth investors and in senior executive compensation. Though none of that is necessary for this discussion. You're failing at finance for dummies 101. This is BASIC. And you're not even close to having a clue.

Guy, your industry just caused the worst economic meltdown since 1930...

You have all the credibility of Jeffrey Dahmner lecturing on nutrition at this point.

One of the most heavily regulated markets in the country failing is the fault of the industry, and we need more regulation. Got it.

Actually, Clinton forced banks to lend to sub prime buyers, government funded them with ultra low rates using printed money, the price went artificially high because buyers who couldn't make the payments were bidding up the price of real estate, when there was an economic blip the multitudes who couldn't afford the houses in the first place started defaulting ...

... which is how the free market failed. You're a rocket scientist you are.

You'll have to excuse JoeBigot. Because you once worked in finance, "It's your fault" no matter what your actual job was. Because, after all, everyone in finance is to blame, regardless of what they did. He paints everyone in a group with the same brush, whether they are Mormons, capitalists, bankers, blacks, Jews, and so on.

 

[Katzndogz]

Meanwhile obama moves more jobs overseas.

The Pacific free trade deal that's anything but free | Dean Baker | Comment is free | guardian.co.uk

In reality, the deal has almost nothing to do with trade: actual trade barriers between these countries are already very low. The TPP is an effort to use the holy grail of free trade to impose conditions and override domestic laws in a way that would be almost impossible if the proposed measures had to go through the normal legislative process. The expectation is that by lining up powerful corporate interests, the governments will be able to ram this new "free trade" pact through legislatures on a take-it-or-leave-it basis.

Maybe obama can blame Bush, or Romney.

 

[eflatminor]

I think the OP and several others are missing the point. If a plant in Illinois is being closed, it's because the owners of the business believe it's in their interest to do so. It's their business, it's their choice.

My question is why do you believe you should have any say whatsoever as to how a business is run, when you don't own that business?

 

[Barb]

'I'm sick to my stomach': anger builds in Illinois at Bain's latest outsourcing plan | Business | guardian.co.uk

Shipping jobs to China....The Dollar Rules Again!

It isn't just money at this point, its a battle over control, total control, and privileged status of corporate America to do as they damned please. Four years ago, Americans overwhelmingly voted their own economic interests, and right wing businesses from the smaller to the global corporate answered by closing down hiring like a line dance of spastic sphincters.

Flash forward from the meeting of the right on the night Obama was elected president to today, and every "news piece" that "indicates" an unwillingness for businesses to increase hiring dependent on the outcome of this years election reads like a threat, more than that, a hostage situation wherein the American voter can choose to vote against themselves and for the masters, or see the same class of grifters WE bailed out at the end of Bush's presidency, after they held a gun to government's head and claimed that they were "too big to fail," and threatened to take the entire economy of the US down with them if they were allowed to do so, do it all over again.

That is exactly what we're looking at here.

 

[Oddball]

Yeah!....Build a wall around America!

 

[Jarlaxle]

'I'm sick to my stomach': anger builds in Illinois at Bain's latest outsourcing plan | Business | guardian.co.uk

Shipping jobs to China....The Dollar Rules Again!

This started happening when Romney left. Guess how much Bain executives have given to the Obama campaign and other Democratic candidates? In fact one of Obama’s top campaign financiers — Jonathan Lavine — is also managing director at Bain. So perhaps you need to change the title of this thread to 'Obama's Bain Capital closing Illinois Plant'.

Except- again- Romney founded Bain and created it's modus opperendi, which is to go into a struggling company, saddle it with a shitload of debt, "Harvest it", and then let it collapse under its own weight after doing draconian things to its workers.

That a few of them are hedging their bets by contributing to Obama doesn't take away from that.

Yeah. like he did to Staples! Oh, wait..
Or to Guitar Center! No, that's not right...

Dude, you couldn't buy a clue if you won the lottery.

 

[Barb]

This started happening when Romney left. Guess how much Bain executives have given to the Obama campaign and other Democratic candidates? In fact one of Obama’s top campaign financiers — Jonathan Lavine — is also managing director at Bain. So perhaps you need to change the title of this thread to 'Obama's Bain Capital closing Illinois Plant'.

Except- again- Romney founded Bain and created it's modus opperendi, which is to go into a struggling company, saddle it with a shitload of debt, "Harvest it", and then let it collapse under its own weight after doing draconian things to its workers.

That a few of them are hedging their bets by contributing to Obama doesn't take away from that.

Except - AGAIN - that is not the modus operandi of Bain Capital. Bain Capital's modus operandi was to 1.) help businesses grow, and 2.) fix businesses by applying the Bain Principles developed at the consulting firm Bain & Co.

Most of the businesses that Bain Capital has invested in have either been fixed or have grown. Most of the businesses that Bain Capital have invested in have not collapsed under the weight of debt, nor have they done draconian things to its workers. To say it is the "modus opperendi" of Bain is to bankrupt companies is a blatant lie.

Here are the facts about Bain and KB Toys, much worse than 'Vulture' Capitalism - Democratic Underground

3. Bain Capital 'purchased' KB for the respectable price of $ 305 million dollars on December 8, 2000.

KB Toys - Wikipedia, the free encyclopedia

4. Bain Capital only offered $ 18 million in cash, the rest was leaveraged debt put on the company.

5. "Sixteen months after the buyout, Bain Capital paid itself $85 million in dividends in early 2002."

6. "January 14, 2004, K·B Toys filed for Chapter 11 bankruptcy protection and closed 365 stores."

7. Three years later the rest of the 156 stores were closed down.

But there is a little more to the story. KB Stores had already gone through a tough restructuring in 1996. At that time a private equity bought the company, closed unprofitable stores, and increased profits.

So here is the objective reality of what Bain did.

Bain engineered a private equity purchase of a profitable company that had already gone through 'creative destruction' eliminating unprofitable legacy operations and saddled the company with hundreds of millions of dollars of debt. The company was not just profitable but an example of the kind of companies that demonstrate a wider social conscious for its customers and the larger community. Sixteen months after purchasing the company with only 6% cash of the value Bain takes out dividends at over 400% of their investment. Significantly this was done during the time of the attacks on 9/11 when the country as a whole was undergoing a hightened sense of patriotism, sacrifice and social duty. Less than 2 years after saddling KB Toys with massive debt and taking out astronomical dividends, K-B Toys faces Chapter 11 bankruptcy and closes 354 previously profitable stores.

Vultures take meat that is already dead and complete the final loop in the cycle of life.

Bain took a company that had already been restructured and was surging in profits and cash. There was never any interest by Bain to restructure KB Toys, that had already been done.

Romney Still Reaps Huge Profits From Bain's Vulture Capitalism | The Nation

John Nichols
John Nichols

|
|
Syndicate content RSS Feed

Breaking news and analysis of politics, the economy and activism.
Text Size A | A | A
Romney Still Reaps Huge Profits From Bain's Vulture Capitalism
John Nichols on July 16, 2012 - 11:31 AM ET

Poor Mitt Romney.

Well, not that poor.

The wealthiest man ever to secure a major party nomination for the presidency is crying foul because President Obama’s campaign has dared to explain how Romney made his money.

Romney was a robber baron. And he continues to profit—to the tune of $230 million and counting—from the “vulture capitalism” his Republican primary opponents decried.

He helped to create Bain Capital, a private equity firm that makes its money by buying functional US manufacturing and service firms and rendering them dysfunctional. Bain guts American companies, ripping out whatever parts are profitable and then tossing the workers aside.

Bain forces cuts in wages, benefits and pensions. It outsources work. And it offshores production—harming American workers and communities and undermining American industries.

No amount of wordplay by Romney and his campaign team is going to charge those facts.

As an exhaustive New York Times report noted last fall, “Mr. Romney never really left Bain.”

“In what would be the final deal of his private equity career, he negotiated a retirement agreement with his former partners that has paid him a share of Bain’s profits ever since, bringing the Romney family millions of dollars in income each year and bolstering the fortune that has helped finance Mr. Romney’s political aspirations,” explained the Times analysis of Romney’s personal finances. “The arrangement allowed Mr. Romney to pursue his career in public life while enjoying much of the financial upside of being a Bain partner as the company grew into a global investing behemoth.”

Romney’s continued involvement with Bain is not some distant financial arrangement, or some casual connection like Americans might have to corporations via stocks included in their 401K plans

Though Mr. Romney left Bain in early 1999, he remains a direct beneficiary of Bain’s buccaneer pillaging of the US economy.

To wit:

• Romney continued to collect a share of the corporate buyout and investment profits enjoyed by partners from all Bain deals until 2009.

• Romney, because of his ongoing arrangement with Bain, Romney has collected profits from twenty-two Bain and Bain-related funds. That, as the Times notes, is “more than twice as many over all as Mr. Romney had a share of the year he left.”

• Romney’s arrangement with Bain allows him to invest his own money in projects pursued by his former partners. As such, Romney is involved in deals from which he continues to share in a portion of Bain’s profits—just as he must share in a portion of responsibility for what the firm does to harm American workers.

Indeed, as the Times assessment noted late last year, well after he launched his current presidential campaign, Romney was still profiting from “Bain deals that resulted in upheaval for companies, workers and communities.”

How Mitt Romney Drove Companies Bankrupt, Raided Pension Funds and Paid Himself Handsomely

Here’s how a private equity fund such as Bain Capital works: It picks a successful company and then takes it over with a leveraged buyout (LBO). The money borrowed from a bank to pay off the owner or stockholders does not become the debt of Bain Capital. It becomes the debt of the company that was taken over.

You might ask, “Why would a bank even loan money to place a company in debt for the purposes of being taken over by Bain Capital which does not even assume the debt?” Well, it’s for the same reason that so many subprime loans were available. The bank does not continue to hold the debt. It offloads it to investors such as pension funds so the bank doesn’t really care. They have no skin in the game.

Romney pioneered the strategy of having a company Bain took over in a leveraged buyout borrow even more money to pay himself a dividend. So now the company is staggering under a huge load of debt and in many cases they can not keep up with the payments. In 1994, Bain bought medical equipment manufacturer Baxter International. After a merger with another company, it became known as Dade Behring. Bain then reduced R&D investment because Bain’s game plan was to only hold the company for five years or so. So why invest for the long haul? The money borrowed from banks for the LBO was usually for five to eight years with small monthly payments and a big balloon payment at the end. About five years after Bain had acquired Dade, it was looking to get out. But not before it drained even more money from Dade and placed the company and its workers in even more jeopardy. …

How Mitt Romney Drove Companies Bankrupt, Raided Pension Funds and Paid Himself Handsomely

 

[bigrebnc1775]

Except- again- Romney founded Bain and created it's modus opperendi, which is to go into a struggling company, saddle it with a shitload of debt, "Harvest it", and then let it collapse under its own weight after doing draconian things to its workers.

That a few of them are hedging their bets by contributing to Obama doesn't take away from that.

Except - AGAIN - that is not the modus operandi of Bain Capital. Bain Capital's modus operandi was to 1.) help businesses grow, and 2.) fix businesses by applying the Bain Principles developed at the consulting firm Bain & Co.

Most of the businesses that Bain Capital has invested in have either been fixed or have grown. Most of the businesses that Bain Capital have invested in have not collapsed under the weight of debt, nor have they done draconian things to its workers. To say it is the "modus opperendi" of Bain is to bankrupt companies is a blatant lie.

Here are the facts about Bain and KB Toys, much worse than 'Vulture' Capitalism - Democratic Underground



Romney Still Reaps Huge Profits From Bain's Vulture Capitalism | The Nation





How Mitt Romney Drove Companies Bankrupt, Raided Pension Funds and Paid Himself Handsomely

Here’s how a private equity fund such as Bain Capital works: It picks a successful company and then takes it over with a leveraged buyout (LBO). The money borrowed from a bank to pay off the owner or stockholders does not become the debt of Bain Capital. It becomes the debt of the company that was taken over.

You might ask, “Why would a bank even loan money to place a company in debt for the purposes of being taken over by Bain Capital which does not even assume the debt?” Well, it’s for the same reason that so many subprime loans were available. The bank does not continue to hold the debt. It offloads it to investors such as pension funds so the bank doesn’t really care. They have no skin in the game.

Romney pioneered the strategy of having a company Bain took over in a leveraged buyout borrow even more money to pay himself a dividend. So now the company is staggering under a huge load of debt and in many cases they can not keep up with the payments. In 1994, Bain bought medical equipment manufacturer Baxter International. After a merger with another company, it became known as Dade Behring. Bain then reduced R&D investment because Bain’s game plan was to only hold the company for five years or so. So why invest for the long haul? The money borrowed from banks for the LBO was usually for five to eight years with small monthly payments and a big balloon payment at the end. About five years after Bain had acquired Dade, it was looking to get out. But not before it drained even more money from Dade and placed the company and its workers in even more jeopardy. …

How Mitt Romney Drove Companies Bankrupt, Raided Pension Funds and Paid Himself Handsomely

The facts? did you by chance notice where you got those "FACT" from Democratic Underground

 

[Barb]

Except - AGAIN - that is not the modus operandi of Bain Capital. Bain Capital's modus operandi was to 1.) help businesses grow, and 2.) fix businesses by applying the Bain Principles developed at the consulting firm Bain & Co.

Most of the businesses that Bain Capital has invested in have either been fixed or have grown. Most of the businesses that Bain Capital have invested in have not collapsed under the weight of debt, nor have they done draconian things to its workers. To say it is the "modus opperendi" of Bain is to bankrupt companies is a blatant lie.

Here are the facts about Bain and KB Toys, much worse than 'Vulture' Capitalism - Democratic Underground



Romney Still Reaps Huge Profits From Bain's Vulture Capitalism | The Nation





How Mitt Romney Drove Companies Bankrupt, Raided Pension Funds and Paid Himself Handsomely

Romney pioneered the strategy of having a company Bain took over in a leveraged buyout borrow even more money to pay himself a dividend. So now the company is staggering under a huge load of debt and in many cases they can not keep up with the payments. In 1994, Bain bought medical equipment manufacturer Baxter International. After a merger with another company, it became known as Dade Behring. Bain then reduced R&D investment because Bain’s game plan was to only hold the company for five years or so. So why invest for the long haul? The money borrowed from banks for the LBO was usually for five to eight years with small monthly payments and a big balloon payment at the end. About five years after Bain had acquired Dade, it was looking to get out. But not before it drained even more money from Dade and placed the company and its workers in even more jeopardy. …

How Mitt Romney Drove Companies Bankrupt, Raided Pension Funds and Paid Himself Handsomely

The facts? did you by chance notice where you got those "FACT" from Democratic Underground

Actually, from 3 different sources, all citing other sources. The thing is about bitching over citation, is it doesn't change the FACTS those publications cited. Just because you don't like them doesn't make them wrong.

 

[Toro]

Except- again- Romney founded Bain and created it's modus opperendi, which is to go into a struggling company, saddle it with a shitload of debt, "Harvest it", and then let it collapse under its own weight after doing draconian things to its workers.

That a few of them are hedging their bets by contributing to Obama doesn't take away from that.

Except - AGAIN - that is not the modus operandi of Bain Capital. Bain Capital's modus operandi was to 1.) help businesses grow, and 2.) fix businesses by applying the Bain Principles developed at the consulting firm Bain & Co.

Most of the businesses that Bain Capital has invested in have either been fixed or have grown. Most of the businesses that Bain Capital have invested in have not collapsed under the weight of debt, nor have they done draconian things to its workers. To say it is the "modus opperendi" of Bain is to bankrupt companies is a blatant lie.

Here are the facts about Bain and KB Toys, much worse than 'Vulture' Capitalism - Democratic Underground



Romney Still Reaps Huge Profits From Bain's Vulture Capitalism | The Nation





How Mitt Romney Drove Companies Bankrupt, Raided Pension Funds and Paid Himself Handsomely

Here’s how a private equity fund such as Bain Capital works: It picks a successful company and then takes it over with a leveraged buyout (LBO). The money borrowed from a bank to pay off the owner or stockholders does not become the debt of Bain Capital. It becomes the debt of the company that was taken over.

You might ask, “Why would a bank even loan money to place a company in debt for the purposes of being taken over by Bain Capital which does not even assume the debt?” Well, it’s for the same reason that so many subprime loans were available. The bank does not continue to hold the debt. It offloads it to investors such as pension funds so the bank doesn’t really care. They have no skin in the game.

Romney pioneered the strategy of having a company Bain took over in a leveraged buyout borrow even more money to pay himself a dividend. So now the company is staggering under a huge load of debt and in many cases they can not keep up with the payments. In 1994, Bain bought medical equipment manufacturer Baxter International. After a merger with another company, it became known as Dade Behring. Bain then reduced R&D investment because Bain’s game plan was to only hold the company for five years or so. So why invest for the long haul? The money borrowed from banks for the LBO was usually for five to eight years with small monthly payments and a big balloon payment at the end. About five years after Bain had acquired Dade, it was looking to get out. But not before it drained even more money from Dade and placed the company and its workers in even more jeopardy. …

How Mitt Romney Drove Companies Bankrupt, Raided Pension Funds and Paid Himself Handsomely

Again, these are anecdotes and selective examples, especially when they come from highly biased outlets with a political axe to grind. Picking out a few events and holding up to the standard is incorrect and anti-intellectual. It's like judging Obama's entire Presidency on Solyndra. Calling private equity "vulture capitalism" is ignorant. The empirical evidence strongly suggests otherwise.

 

[Toro]

Actually, from 3 different sources, all citing other sources. The thing is about bitching over citation, is it doesn't change the FACTS those publications cited. Just because you don't like them doesn't make them wrong.

It does if you don't look at the totality of the work, and you skew and bias the articles to fit your political narrative.

 

[Barb]

Except - AGAIN - that is not the modus operandi of Bain Capital. Bain Capital's modus operandi was to 1.) help businesses grow, and 2.) fix businesses by applying the Bain Principles developed at the consulting firm Bain & Co.

Most of the businesses that Bain Capital has invested in have either been fixed or have grown. Most of the businesses that Bain Capital have invested in have not collapsed under the weight of debt, nor have they done draconian things to its workers. To say it is the "modus opperendi" of Bain is to bankrupt companies is a blatant lie.

Here are the facts about Bain and KB Toys, much worse than 'Vulture' Capitalism - Democratic Underground



Romney Still Reaps Huge Profits From Bain's Vulture Capitalism | The Nation





How Mitt Romney Drove Companies Bankrupt, Raided Pension Funds and Paid Himself Handsomely

Romney pioneered the strategy of having a company Bain took over in a leveraged buyout borrow even more money to pay himself a dividend. So now the company is staggering under a huge load of debt and in many cases they can not keep up with the payments. In 1994, Bain bought medical equipment manufacturer Baxter International. After a merger with another company, it became known as Dade Behring. Bain then reduced R&D investment because Bain’s game plan was to only hold the company for five years or so. So why invest for the long haul? The money borrowed from banks for the LBO was usually for five to eight years with small monthly payments and a big balloon payment at the end. About five years after Bain had acquired Dade, it was looking to get out. But not before it drained even more money from Dade and placed the company and its workers in even more jeopardy. …

How Mitt Romney Drove Companies Bankrupt, Raided Pension Funds and Paid Himself Handsomely

Again, these are anecdotes and selective examples, especially when they come from highly biased outlets with a political axe to grind. Picking out a few events and holding up to the standard is incorrect and anti-intellectual. It's like judging Obama's entire Presidency on Solyndra. Calling private equity "vulture capitalism" is ignorant. The empirical evidence strongly suggests otherwise.

Maybe you could post that empirical evidence for the rest of the class, Toro. There are pages and pages of stories about pages and pages of different companies and communities who lost so Bain could gain, not one company out of thousands of winners. He has a mindset that doesn't care who is run over for his gain, as evidenced by its inception.

The Reaction: Death squads and vulture capitalism: The money behind Bain Capital and Mitt Romney's political career

Show us the pages and pages of data that says otherwise.

 

[Jarlaxle]

another dishonest title?

can't you people get by without lying?

Of course they CAN'T.

 

[Jarlaxle]

I think the OP and several others are missing the point. If a plant in Illinois is being closed, it's because the owners of the business believe it's in their interest to do so. It's their business, it's their choice.

My question is why do you believe you should have any say whatsoever as to how a business is run, when you don't own that business?

They are closet fascists, that's all.

 

[theHawk]

'I'm sick to my stomach': anger builds in Illinois at Bain's latest outsourcing plan | Business | guardian.co.uk

Shipping jobs to China....The Dollar Rules Again!

They're just saving a buck to donate to the Obama campaign. You can't be all that pissed.

 

[eflatminor]

I think the OP and several others are missing the point. If a plant in Illinois is being closed, it's because the owners of the business believe it's in their interest to do so. It's their business, it's their choice.

My question is why do you believe you should have any say whatsoever as to how a business is run, when you don't own that business?

They are closet fascists, that's all.

It would appear so...But I want to ask the question of the OP and his supporters. Again, tell me why do you believe you should have any say whatsoever as to how a business is run, when you don't own that business?

 

[Toro]

Maybe you could post that empirical evidence for the rest of the class, Toro. There are pages and pages of stories about pages and pages of different companies and communities who lost so Bain could gain, not one company out of thousands of winners. He has a mindset that doesn't care who is run over for his gain, as evidenced by its inception.

The Reaction: Death squads and vulture capitalism: The money behind Bain Capital and Mitt Romney's political career

Show us the pages and pages of data that says otherwise.

Here you go.

http://www.usmessageboard.com/economy/234273-private-equity-has-minimal-effects-on-employment.html

 

[Wry Catcher]

The point is you are an asshole. A community suffers, but corporate raiders profiit and this you support and try to justify. If the weak company dies of natural causes, so be it. Some assets will exist which may benefit the community and the employees, When Bain or other raiders take over a company who profits? Not the employees, not the community. only Bain and it's stockholders [who were never stakeholders].

Avarice is one of the deadly sins; isn't that what motivates someone to like you?

You want every stinking employee to lose their job so no one profits by saving a portion of them. You're showing clearly who the asshole is.

"every stinking employee", huh. And you claim not to be an elitist asshole and concerned for the employee. It's no wonder you support Romney; you both hold working men and women in disdain.

 

[Barb]

Maybe you could post that empirical evidence for the rest of the class, Toro. There are pages and pages of stories about pages and pages of different companies and communities who lost so Bain could gain, not one company out of thousands of winners. He has a mindset that doesn't care who is run over for his gain, as evidenced by its inception.

The Reaction: Death squads and vulture capitalism: The money behind Bain Capital and Mitt Romney's political career

Show us the pages and pages of data that says otherwise.

Here you go.

http://www.usmessageboard.com/economy/234273-private-equity-has-minimal-effects-on-employment.html

Nice lecture series on private equity firms in general, but weren't we speaking specifically about Romney and Bain Capital?

Okay, from one of your links:
In Tough Times, Private Equity Saves Jobs - NYTimes.com

So how exactly did the private equity industry acquire the image of heartless plunderers of companies who pull the plug and liquidate when the going gets tough, when the evidence supports the opposite? Some of the bad rap is clearly self-inflicted. Consider the recent remarks of David Stockman, President Ronald Reagan’s budget director and founder of the private equity firm Heartland Industrial Partners.

In a recent interview on Fox Business News, Mr. Stockman said: “I don’t think that Mitt Romney can legitimately say that he learned anything about how to create jobs in the leveraged buyout business. The LBO business is about how to strip cash out of old, long-in-the-tooth companies and how to make short-term profits. You know, the LBO business is a legitimate, free-enterprise business, just like running a brothel, if that is what you want to do, or a house of gambling.”

If Romney points to his business acumen as a selling point to his ability to "create jobs" for the American public, and he has, it is not unfair to criticize him when the history of his company has been just the opposite, even if, as you're claiming, only in a small way.

For those who have lost because of Romney and Bain, I would suggest that they don't feel that their livelihoods are as small a concern, or merely a moot academic point.

So, from another of your links:

U.S. GAO - Private Equity: Recent Growth in Leveraged Buyouts Exposed Risks That Warrant Continued Attention

Academic research that GAO reviewed generally suggests that recent private equity LBOs have had a positive impact on the financial performance of the acquired companies, but determining whether the impact resulted from the actions taken by the private equity firms versus other factors is difficult. The research also indicates that private equity LBOs are associated with lower employment growth than comparable companies. However, uncertainty remains about the employment effect--in part because, as one study found, target companies had lower employment growth before being acquired. Further research may shed light on the causal relationship between private equity and employment growth, if any.

It seems the juries are out even among the sources you cite, and again, they are studies or statements of the industry in general, not Bain Capital in particular.