I am not sure of you main point, but one thing you bring up is something I'd like to learn more about. A couple of people were haveing this discussion the other day and one of them intonated that Bain did not just buy companies, but purchased companies that were in tough circumstances. I don't know if that is true or not.
If it is, then a 22% failure rate translates to a 78% turnaround rate, which in the corporate world is pretty good.
I honestly don't know if that is the case or not in total.
I do know that the word in Kansas City was that GTS was headed to the dumpster unless someone tried something.
A couple of things on that.
First, Romney had a 78% success rate during the 1990's, when the economy was booming and frankly, you had to be nearly retarded to screw up in business. People were literally making businesses out of nothing. (See the Dot-Com boom).
Which brings up another point- Romney really hasn't had a job other than running for President in the last six years. He doesn't want to talk about the four years before that (Governor of Massachusetts). So really, his last "work relavent experience" is from 2001.
Seriously?
Secondly, maybe GST Steel would have gone under. But it seems the actions that Bain took, extracting millions in "Management fees", loading the company down with debt to pay bigger dividends, and so on, really accellerated the company's demise. And this is the same crap they pulled at AmPad, which had 11 million in debt when Bain acquired them and nearly 400 million dollars in debt when they filed for bankruptcy in 1999.
This is Gorden Gecco on Wall Street.