Dick Tuck
Board Troll
- Aug 29, 2009
- 8,511
- 505
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Gst Steel was a failing company. Bain took it over and tried to restore it's financial structure. It didn't work. No one could win them all. Gst failed mostly because of the union's chokehold on the company.
GST was not a failing company. It was an undervalued company. Romney and Bain saw a pension fund that they could rape.