Jarhead
Gold Member
- Jan 11, 2010
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So, you are comparing Jarhead's business with Bain? Same thing, different scale? Really?This post reveals how clueless you are. You want to compare your situation to Bain Capital?
Bain Capital doesn't have the money to buy out Mittens?
Stop embarrassing yourself and back out of this thread.
you should probably take your own advice.
depending on what he sold his interest for, i can easily believe that bain's cash flow wouldn't allow a lump sum payment or that romney didn't want to take the tax hit all in one year.
you should check with sallow though; he owned a bar that failed and is a financial expert.
If Mittens and Bain structured his departure over a 3 year period, that's one thing. If it turns out that during that 3 year interval, Mittens was still involved in decisions, that's quite another.
And your supposition doesn't explain why he would still be listed as President, CEO and SOLE stockholder for the ENTIRETY of the 3 years.
Maybe you should buy a bar!
mine was small potatos compared to Bain...but the legalities are the same.
My attorney suggested NO STOCK transfer until ALL contracts, both vendor AND customer, expired...and one vendor contract expires in 2014....
I passed on it becuase I wanted some cash annually as I was no longer taking cash from the company.
Again...you are out of your league with this debate. You do not understand what takes place when a sole owner transfers ownership to employees.