Toro
Diamond Member
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