Romney in 1985: Bain's Goal to 'Harvest' Companies for Profit

Discussion in 'Election Forums' started by Synthaholic, Sep 27, 2012.

  1. Synthaholic
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    Synthaholic Platinum Member

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    Mother Jones for MVP!!!! :lol:



    Romney in 1985: Bain's Goal to 'Harvest' Companies for Profit

    Mitt Romney said that one of the goals of his private equity firm, Bain Capital, was to acquire companies and “harvest them at a significant profit,” according to a video from 1985 uncovered by Mother Jones magazine.

    The video was part of a CD-ROM from 1998 that Bain used to celebrate the 25th anniversary of the firm.

    “Bain Capital is an investment partnership which was formed to invest in startup companies and ongoing companies, then to take an active hand in managing them and hopefully, five to eight years later, to harvest them at a significant profit,” he says in the video.


    [ame=http://www.youtube.com/watch?v=0EsxNYXW5i8]Mitt Romney on Bain's plan to buy and "harvest" companies - YouTube[/ame]
     
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  2. Synthaholic
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    Synthaholic Platinum Member

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    So, they view people's livelihoods as just organs, to be harvested and sold off.

    That's just....awesome!
     
  3. Synthaholic
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    Synthaholic Platinum Member

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  4. CausingPAIN
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    CausingPAIN BANNED

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    holy shit! Are the 47% the new potential clients for fleecing? For mitt Romney's Misadventure, will this crazy train ever END!
     
    Last edited: Sep 27, 2012
  5. Synthaholic
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    Synthaholic Platinum Member

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    Obviously, this contradicts Bishop Romney's repeated claims that they were buying companies to save them, and the jobs.

    It also confirms why Bishop Romney cannot show the claimed number of American jobs saved.
     
  6. jasonnfree
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    jasonnfree Gold Member Supporting Member

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    I'm not a Romney supporter, but I really didn't hear anything bad on video. Harvesting for profits could mean a lot of things.


     
  7. Katzndogz
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    Katzndogz Diamond Member

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    The democrat goal is to take whatever Romney has ever said and massage it into a negative. It will make up for obama's outright lies today.
     
  8. Trajan
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    Trajan conscientia mille testes

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    the ENTIRE TRANSCRIPT :

    Bain Capital is an investment partnership which was formed to invest in startup companies and ongoing companies, then to take an active hand in managing them and hopefully, five to eight years later, to harvest them at a significant profit…The fund was formed on September 30th of last year.

    It's been about 10 months then. It was formed with $37 million in invested cash. An additional $50 million or so of what I'll call a call pool, which is money that we can call upon if the deals are large enough that they require more than a $2 or $3 million dollar initial investment. Why in the world did Bain and Company get involved in this kind of a business? We're not particularly noted for having years and years of experience in financing. Three reasons. We recognized that we had the potential to develop a significant and proprietary flow of business opportunities. Secondly, we had concepts and experience which would allow us to identify potential value and hidden value in a particular investment candidate. And third, we had the consulting resources and management skills and management resources to become actively involved in the companies we invested in to help them realize their potential value.



    and whats wrong with this? oh, fixated on the shiny object that Mother Jones told you to focus on?


    they are NOT a financial company, thats right, they are a MANAGEMENT co. that there after buying a company and either successfully or not returning them to, or making them profitable, SELL them.

    See, thats how they make their money you tool.... oh wait, they don't sell them, they Harvest them...:lol:

    inane imbeciles, the lot of you.







    here, you want to see some out year harvesting IPAB- Independent Payment Advisory Board style?

    :tinfoil:

    [ame=http://www.youtube.com/watch?v=8Sp-VFBbjpE]IT'S PEOPLE! - YouTube[/ame]

    hows that for mouth breathing idiocy that makes as little sense as Mother Jones eh?
     
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  9. Synthaholic
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    Synthaholic Platinum Member

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    Name ONE company that Bain harvested in which the U.S. workers ended up better off, with better wages and more job security.

    And when you can't find one, come back here, man the fuck up, and admit it.
     
  10. Mr. Peepers
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    Mr. Peepers Senior Member

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    TRANSCRIPT: Bain Capital is an investment partnership which was formed to invest in startup companies and ongoing companies, then to take an active hand in managing them and hopefully, five to eight years later, to harvest them at a significant profit…The fund was formed on September 30th of last year. It's been about 10 months then. It was formed with $37 million in invested cash. An additional $50 million or so of what I'll call a call pool, which is money that we can call upon if the deals are large enough that they require more than a $2 or $3 million dollar initial investment. Why in the world did Bain and Company get involved in this kind of a business? We're not particularly noted for having years and years of experience in financing. Three reasons. We recognized that we had the potential to develop a significant and proprietary flow of business opportunities. Secondly, we had concepts and experience which would allow us to identify potential value and hidden value in a particular investment candidate. And third, we had the consulting resources and management skills and management resources to become actively involved in the companies we invested in to help them realize their potential value.

    NEW ROMNEY VIDEO: In 1985, He Said Bain Would "Harvest" Companies for Profits | Mother Jones
     

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