Bain Take Over American Airlines..Recommends Firing 13,000..

[Soggy in NOLA]

Perhaps unionized AA should take a good hard look at non-union SW...

 

[Claudette]

What the hell does Romney have to do with anything Bain does??

Last I heard he was running for POTUS and wasn't working for Bain.

Way Lame Thread. Jeeze.

 

[HUGGY]

What the hell does Romney have to do with anything Bain does??

Last I heard he was running for POTUS and wasn't working for Bain.

Way Lame Thread. Jeeze.

Deposits thier checks in the Caymans?

 

[konradv]

"The White House Auto Task Force and its Czar spared UAW the dismay and outrage of renegotiated union pay scales, revised work rules, and loss of defined-benefit pensions that American Airlines union members face. American’s anticipated fifteen percent job loss is about the same as GM’s, but without a dime of taxpayer money. Obama did not save GM jobs, he saved UAW pay scales and pensions. UAW members left their jobs with a $25,000 new car and $20,000 cash. (Chrysler employees left with much more). Laid-off American Airlines pilots, mechanics and flight attendants will likely leave with little or nothing."

Are we supposed to be applauding Bain for that?

 

[HUGGY]

"The White House Auto Task Force and its Czar spared UAW the dismay and outrage of renegotiated union pay scales, revised work rules, and loss of defined-benefit pensions that American Airlines union members face. American’s anticipated fifteen percent job loss is about the same as GM’s, but without a dime of taxpayer money. Obama did not save GM jobs, he saved UAW pay scales and pensions. UAW members left their jobs with a $25,000 new car and $20,000 cash. (Chrysler employees left with much more). Laid-off American Airlines pilots, mechanics and flight attendants will likely leave with little or nothing."

Are we supposed to be applauding Bain for that?

Yes ..apparantly.

 

[Wry Catcher]

From the link:

"Bain Capital is a private equity firm, which was founded by a group of Bain & Co. partners including current Republican presidential frontrunner Mitt Romney. Romney formally retired from Bain Capital in 1999 but still continues to receive a portion of Bain Capital profits as Romney’s 2010 tax returns show an “obligation to continue to provide services to Bain.”

 

[HUGGY]

From the link:

"Bain Capital is a private equity firm, which was founded by a group of Bain & Co. partners including current Republican presidential frontrunner Mitt Romney. Romney formally retired from Bain Capital in 1999 but still continues to receive a portion of Bain Capital profits as Romney’s 2010 tax returns show an “obligation to continue to provide services to Bain.”

Means nothing!

 

[Jarhead]

"The White House Auto Task Force and its Czar spared UAW the dismay and outrage of renegotiated union pay scales, revised work rules, and loss of defined-benefit pensions that American Airlines union members face. American’s anticipated fifteen percent job loss is about the same as GM’s, but without a dime of taxpayer money. Obama did not save GM jobs, he saved UAW pay scales and pensions. UAW members left their jobs with a $25,000 new car and $20,000 cash. (Chrysler employees left with much more). Laid-off American Airlines pilots, mechanics and flight attendants will likely leave with little or nothing."

Are we supposed to be applauding Bain for that?

No oine is saying we should applaud Bain.

However, if AA turns things around, we should be pleased that Bain injected capital and a sound bsuiness plan to help save a major US company and many thousands of jobs.

 

[HUGGY]

A... link?

B... Does Romney still work for Bain?

Sure no problemo... should have included it in the OP..

Romney

No ...he just gets income from his former firm. He doesn't have to lift a finger to profit from the misery of others any more.

Thanks, I'll review the link.

So, when someone leaves a firm, they should give up any and all future compensation because that firm might do something you disagree with? Interesting concept.

EDIT:

clicked the link and this is the title of the piece (I noticed you avoided posting it in your link...)
Romney’s Firm Instructs American Airlines to Sack 13,000 Workers

It's not 'Romney's firm'. He used to work there, but not now. Calling it 'his firm' is simply a political attack.

He started the company...he is obligated to consult the company...he gets paid by the company... In what way pray tell is it NOT his company?

 

[CrusaderFrank]

Mitt Romney: he made money for his partners and investors while saving or creating tens of thousands of American jobs...is this really the kind of man you want in the White House?

Vote Obama 2012: More Hope and More Change, except maybe this time it will be for the better.

 

[CrusaderFrank]

Huggies tell us again how Obama busted a cap in Osama's ass

 

[Jarhead]

Sure no problemo... should have included it in the OP..

Romney

No ...he just gets income from his former firm. He doesn't have to lift a finger to profit from the misery of others any more.

Thanks, I'll review the link.

So, when someone leaves a firm, they should give up any and all future compensation because that firm might do something you disagree with? Interesting concept.

EDIT:

clicked the link and this is the title of the piece (I noticed you avoided posting it in your link...)
Romney’s Firm Instructs American Airlines to Sack 13,000 Workers

It's not 'Romney's firm'. He used to work there, but not now. Calling it 'his firm' is simply a political attack.

He started the company...he is obligated to consult the company...he gets paid by the company... In what way pray tell is it NOT his company?

you are naive to separation packages....especailly when it is with a founder of a firm.

First...he gets paid by them as that was his deal when he sold out. Such is not abnormal. He will likely get paid by them for years to come.

"obligated to consult the company" is legal terminology that is really saying "you are obligated to NOT consuilt with a competitor"

He is not consulting with them, for them or on their behalf.

 

[CrusaderFrank]

Thanks, I'll review the link.

So, when someone leaves a firm, they should give up any and all future compensation because that firm might do something you disagree with? Interesting concept.

EDIT:

clicked the link and this is the title of the piece (I noticed you avoided posting it in your link...)
Romney’s Firm Instructs American Airlines to Sack 13,000 Workers

It's not 'Romney's firm'. He used to work there, but not now. Calling it 'his firm' is simply a political attack.

He started the company...he is obligated to consult the company...he gets paid by the company... In what way pray tell is it NOT his company?

you are naive to separation packages....especailly when it is with a founder of a firm.

First...he gets paid by them as that was his deal when he sold out. Such is not abnormal. He will likely get paid by them for years to come.

"obligated to consult the company" is legal terminology that is really saying "you are obligated to NOT consuilt with a competitor"

He is not consulting with them, for them or on their behalf.

He's not naive, he's really that stupid

 

[HUGGY]

Mitt Romney: he made money for his partners and investors while saving or creating tens of thousands of American jobs...is this really the kind of man you want in the White House?

Vote Obama 2012: More Hope and More Change, except maybe this time it will be for the better.

How many did he put out of work? How many lost thier pensions in the "Bain" butchering of so many companies assets?

Ya... His company will be a HUGE asset in the presidential election..

 

[TruthSeeker56]

13,000 is a PITTANCE, compared to the 350,000+ people PER WEEK that are filing for FIRST TIME unemployment benefits.

American Airlines is in big trouble, just like MANY airlines. And it's all Mitt Romney's fault, or at least according to the leftist moonbats in here. Funny, but sad.

 

[HUGGY]

How much will the Morman church profit from the loss of 13,000 AA jobs? Mittens did pay his church blood money with Bain stock.

 

[Jarhead]

Mitt Romney: he made money for his partners and investors while saving or creating tens of thousands of American jobs...is this really the kind of man you want in the White House?

Vote Obama 2012: More Hope and More Change, except maybe this time it will be for the better.

How many did he put out of work? How many lost thier pensions in the "Bain" butchering of so many companies assets?

Ya... His company will be a HUGE asset in the presidential election..

how many of those companies were going OOB beforte Bain came in?

Better question...

If the companies were doing so "well", why were the owners willing to sell off shares tro Bain and relinquish control?

Huggy....you are very naive...you are so easily swayed by the talking heads out there.

Reading your posts is quite comical.

 

[CrusaderFrank]

Mitt Romney: he made money for his partners and investors while saving or creating tens of thousands of American jobs...is this really the kind of man you want in the White House?

Vote Obama 2012: More Hope and More Change, except maybe this time it will be for the better.

How many did he put out of work? How many lost thier pensions in the "Bain" butchering of so many companies assets?

Ya... His company will be a HUGE asset in the presidential election..

You fuckers can't even pass a budget! Democrats should be charged with Criminal Neglect. Democrats have run up annual deficits bigger than any Reagan budget and have gotten us our first ever downgrade...and you're going to run against Romeny record in the private sector? LOL Good luck with that

 

[Jarhead]

13,000 is a PITTANCE, compared to the 350,000+ people PER WEEK that are filing for FIRST TIME unemployment benefits.

American Airlines is in big trouble, just like MANY airlines. And it's all Mitt Romney's fault, or at least according to the leftist moonbats in here. Funny, but sad.

Yes...

And if Bain turns them around, they did it ONLY becuase they could make money.

And if it cant turn them around?

Their failing will be Bains fault.

That is how Huggy thinks.

Damned if they do and damned if they dont.

Why?

Becuase the talking heads said so.

 

[HUGGY]

Mitt Romney: he made money for his partners and investors while saving or creating tens of thousands of American jobs...is this really the kind of man you want in the White House?

Vote Obama 2012: More Hope and More Change, except maybe this time it will be for the better.

How many did he put out of work? How many lost thier pensions in the "Bain" butchering of so many companies assets?

Ya... His company will be a HUGE asset in the presidential election..

You fuckers can't even pass a budget! Democrat should be charged with Criminal Neglect. Democrats have run up annual deficits bigger than any Reagan budget and have gotten us our first ever downgrade...and you're going to run against Romeny record int he private sector? LOL Good luck with that

You fuckers??? Frankie...Frankie... I'm not democrat..I voted for Bush ...remember?

The Boner and the Tea Baggers were responsible for the downgrade asshole! They had plenty of time to present a signable bill. They failed..stone walled... tried to do everything they could think of other than get the job done. Don't be such a lying tool KrustyFrank!