Romney Operated Often on the Margins

[courseofhistory]

...of ethics and the law.

Once upon a time there was a little airline named Key. In the vast destert of Nevada the Charming Prince Romney of Bain Capital purchased this little distressed airline financed soley through debt. Prince Romney was a 5% stock holder and a director. Key airlines pilots and others were concerned with safety shortcuts and low salaries and wanted to form a union to address these issues. Management said, "oh, no." (our personal profits would decrease tremendously).

There followed an unlawful attempt by Mr Andrews and Key management, in the words of District Court judge Roger Foley, “to stamp out any cockpit crew members’ union before it could come into being”.

Bottom line is that later that year Mr Goodwin and Mr Schlang sued their former employer for violation of labor laws and in 1992 the court found Key management at fault and awarded the pilots $500,000 of punitive damages.

SEC records show that Mr Romney was a director of Key Airlines when the company was finally sold. Mr Romney’s campaign declined to comment on this or other financial questions about the Key investment.

Tsk, tsk, Prince Romney. More people you screwed in order to help you attain your wealth! On the backs of the little guys!

LINK

 

[CrusaderFrank]

Bain operated at a 25% margin

 

[courseofhistory]

Romney operated often on the backs of the little guy to enrich himself as in the example in the OP.

 

[edthecynic]

...of ethics and the law.

Once upon a time there was a little airline named Key. In the vast destert of Nevada the Charmin Prince Romney of Bain Capital purchased this little distressed airline financed soley through debt. Prince Romney was a 5% stock holder and a director. Key airlines pilots and others were concerned with safety shortcuts and low salaries and wanted to form a union to address these issues. Management said, "oh, no." (our personal profits would decrease tremendously).

There followed an unlawful attempt by Mr Andrews and Key management, in the words of District Court judge Roger Foley, “to stamp out any cockpit crew members’ union before it could come into being”.

Bottom line is that later that year Mr Goodwin and Mr Schlang sued their former employer for violation of labor laws and in 1992 the court found Key management at fault and awarded the pilots $500,000 of punitive damages.

SEC records show that Mr Romney was a director of Key Airlines when the company was finally sold. Mr Romney’s campaign declined to comment on this or other financial questions about the Key investment.

Tsk, tsk, Prince Romney. More people you screwed in order to help you attain your wealth! On the backs of the little guys!

LINK

Bain operated at a 25% margin

which fully justifies violating all labor laws.

It is always amazing how easy it is for the Right to rationalize anything!

 

[Full-Auto]

...of ethics and the law.

Once upon a time there was a little airline named Key. In the vast destert of Nevada the Charmin Prince Romney of Bain Capital purchased this little distressed airline financed soley through debt. Prince Romney was a 5% stock holder and a director. Key airlines pilots and others were concerned with safety shortcuts and low salaries and wanted to form a union to address these issues. Management said, "oh, no." (our personal profits would decrease tremendously).

There followed an unlawful attempt by Mr Andrews and Key management, in the words of District Court judge Roger Foley, “to stamp out any cockpit crew members’ union before it could come into being”.

Bottom line is that later that year Mr Goodwin and Mr Schlang sued their former employer for violation of labor laws and in 1992 the court found Key management at fault and awarded the pilots $500,000 of punitive damages.

SEC records show that Mr Romney was a director of Key Airlines when the company was finally sold. Mr Romney’s campaign declined to comment on this or other financial questions about the Key investment.

Tsk, tsk, Prince Romney. More people you screwed in order to help you attain your wealth! On the backs of the little guys!

LINK

Such the drama queen........


Does anyone take this emotional drivel seriously?

 

[Soggy in NOLA]

Whatever... you fucks smell of complete desperation.

 

[naturegirl]

...of ethics and the law.

Once upon a time there was a little airline named Key. In the vast destert of Nevada the Charmin Prince Romney of Bain Capital purchased this little distressed airline financed soley through debt. Prince Romney was a 5% stock holder and a director. Key airlines pilots and others were concerned with safety shortcuts and low salaries and wanted to form a union to address these issues. Management said, "oh, no." (our personal profits would decrease tremendously).

There followed an unlawful attempt by Mr Andrews and Key management, in the words of District Court judge Roger Foley, “to stamp out any cockpit crew members’ union before it could come into being”.

Bottom line is that later that year Mr Goodwin and Mr Schlang sued their former employer for violation of labor laws and in 1992 the court found Key management at fault and awarded the pilots $500,000 of punitive damages.

SEC records show that Mr Romney was a director of Key Airlines when the company was finally sold. Mr Romney’s campaign declined to comment on this or other financial questions about the Key investment.

Tsk, tsk, Prince Romney. More people you screwed in order to help you attain your wealth! On the backs of the little guys!


LINK

Bain Capital purchased this little distressed airline financed soley through debt.

Makes you wonder what would have happened to the little airline financed soley by debt if Bain didn't buy in??

 

[Toro]

...of ethics and the law.

Once upon a time there was a little airline named Key. In the vast destert of Nevada the Charmin Prince Romney of Bain Capital purchased this little distressed airline financed soley through debt. Prince Romney was a 5% stock holder and a director. Key airlines pilots and others were concerned with safety shortcuts and low salaries and wanted to form a union to address these issues. Management said, "oh, no." (our personal profits would decrease tremendously).

There followed an unlawful attempt by Mr Andrews and Key management, in the words of District Court judge Roger Foley, “to stamp out any cockpit crew members’ union before it could come into being”.

Bottom line is that later that year Mr Goodwin and Mr Schlang sued their former employer for violation of labor laws and in 1992 the court found Key management at fault and awarded the pilots $500,000 of punitive damages.

SEC records show that Mr Romney was a director of Key Airlines when the company was finally sold. Mr Romney’s campaign declined to comment on this or other financial questions about the Key investment.

Tsk, tsk, Prince Romney. More people you screwed in order to help you attain your wealth! On the backs of the little guys!

LINK

How do you buy it solely through the debt and be a shareholder? You can't buy it solely with debt and be a 5% shareholder. Did they buy the debt through the bankruptcy process or do you understand how this works? And if they bought it through the bankruptcy process, the union contracts were probably the reason why the airline was in bankruptcy to begin with. That's common with airlines in bankruptcy.

 

[courseofhistory]

...of ethics and the law.

Once upon a time there was a little airline named Key. In the vast destert of Nevada the Charmin Prince Romney of Bain Capital purchased this little distressed airline financed soley through debt. Prince Romney was a 5% stock holder and a director. Key airlines pilots and others were concerned with safety shortcuts and low salaries and wanted to form a union to address these issues. Management said, "oh, no." (our personal profits would decrease tremendously).

There followed an unlawful attempt by Mr Andrews and Key management, in the words of District Court judge Roger Foley, “to stamp out any cockpit crew members’ union before it could come into being”.

Bottom line is that later that year Mr Goodwin and Mr Schlang sued their former employer for violation of labor laws and in 1992 the court found Key management at fault and awarded the pilots $500,000 of punitive damages.

SEC records show that Mr Romney was a director of Key Airlines when the company was finally sold. Mr Romney’s campaign declined to comment on this or other financial questions about the Key investment.

Tsk, tsk, Prince Romney. More people you screwed in order to help you attain your wealth! On the backs of the little guys!


LINK

Bain Capital purchased this little distressed airline financed soley through debt.

Makes you wonder what would have happened to the little airline financed soley by debt if Bain didn't buy in??

It would have gone under (which it did eventually after Romney and co. sucked it dry). But the point is that this is how veture capitalists operate and what they do is SOLELY for their and their investors enrichment. It is a pattern with Romney. A bad one.

 

[courseofhistory]

...of ethics and the law.

Once upon a time there was a little airline named Key. In the vast destert of Nevada the Charmin Prince Romney of Bain Capital purchased this little distressed airline financed soley through debt. Prince Romney was a 5% stock holder and a director. Key airlines pilots and others were concerned with safety shortcuts and low salaries and wanted to form a union to address these issues. Management said, "oh, no." (our personal profits would decrease tremendously).

There followed an unlawful attempt by Mr Andrews and Key management, in the words of District Court judge Roger Foley, “to stamp out any cockpit crew members’ union before it could come into being”.

Bottom line is that later that year Mr Goodwin and Mr Schlang sued their former employer for violation of labor laws and in 1992 the court found Key management at fault and awarded the pilots $500,000 of punitive damages.

SEC records show that Mr Romney was a director of Key Airlines when the company was finally sold. Mr Romney’s campaign declined to comment on this or other financial questions about the Key investment.

Tsk, tsk, Prince Romney. More people you screwed in order to help you attain your wealth! On the backs of the little guys!

LINK

How do you buy it solely through the debt and be a shareholder? You can't buy it solely with debt and be a 5% shareholder. Did they buy the debt through the bankruptcy process or do you understand how this works? And if they bought it through the bankruptcy process, the union contracts were probably the reason why the airline was in bankruptcy to begin with. That's common with airlines in bankruptcy.

Romney held $100,000 in debt. It wasn't unionized at that point but the pilots wanted to unionize because of shortcuts to safety andlow salaries.

 

[courseofhistory]

...of ethics and the law.

Once upon a time there was a little airline named Key. In the vast destert of Nevada the Charmin Prince Romney of Bain Capital purchased this little distressed airline financed soley through debt. Prince Romney was a 5% stock holder and a director. Key airlines pilots and others were concerned with safety shortcuts and low salaries and wanted to form a union to address these issues. Management said, "oh, no." (our personal profits would decrease tremendously).

There followed an unlawful attempt by Mr Andrews and Key management, in the words of District Court judge Roger Foley, “to stamp out any cockpit crew members’ union before it could come into being”.

Bottom line is that later that year Mr Goodwin and Mr Schlang sued their former employer for violation of labor laws and in 1992 the court found Key management at fault and awarded the pilots $500,000 of punitive damages.

SEC records show that Mr Romney was a director of Key Airlines when the company was finally sold. Mr Romney’s campaign declined to comment on this or other financial questions about the Key investment.

Tsk, tsk, Prince Romney. More people you screwed in order to help you attain your wealth! On the backs of the little guys!

LINK

Such the drama queen........


Does anyone take this emotional drivel seriously?

I'm a children's book writer and I love DRAMA!!!

 

[blastoff]

Check the content of all coh's threads and note the August join date. Enough said. Be gone as soon as the Dims lose the election.

 

[hortysir]

Budget

Jobs

Debt

Deficit

Afghanistan

GTMO

Drones

 

[Mad Scientist]

Weak.

If you "operate at the margins of the Law" you're STILL within the Law.

If I'm driving down the street and my wheels get close to, but don't go over the lines, I'm STILL between the lines.

If the Speed limit is 55 and I'm doing 54... and on and on.

 

[naturegirl]

So the little airlines guys got to have a job a little longer, they made a little more money then sued and won, so who do you really think got the most money out of the little airline??

Somehow, the desperation, makes these people seem, well, small.

 

[Toddsterpatriot]

...of ethics and the law.

Once upon a time there was a little airline named Key. In the vast destert of Nevada the Charmin Prince Romney of Bain Capital purchased this little distressed airline financed soley through debt. Prince Romney was a 5% stock holder and a director. Key airlines pilots and others were concerned with safety shortcuts and low salaries and wanted to form a union to address these issues. Management said, "oh, no." (our personal profits would decrease tremendously).

There followed an unlawful attempt by Mr Andrews and Key management, in the words of District Court judge Roger Foley, “to stamp out any cockpit crew members’ union before it could come into being”.

Bottom line is that later that year Mr Goodwin and Mr Schlang sued their former employer for violation of labor laws and in 1992 the court found Key management at fault and awarded the pilots $500,000 of punitive damages.

SEC records show that Mr Romney was a director of Key Airlines when the company was finally sold. Mr Romney’s campaign declined to comment on this or other financial questions about the Key investment.

Tsk, tsk, Prince Romney. More people you screwed in order to help you attain your wealth! On the backs of the little guys!


LINK

Bain Capital purchased this little distressed airline financed soley through debt.

Makes you wonder what would have happened to the little airline financed soley by debt if Bain didn't buy in??

It would have gone under (which it did eventually after Romney and co. sucked it dry). But the point is that this is how veture capitalists operate and what they do is SOLELY for their and their investors enrichment. It is a pattern with Romney. A bad one.

But the point is that this is how veture capitalists operate and what they do is SOLELY for their and their investors enrichment.

Oh noes! Capitalists investing their own money to make a profit! Imagine that.
We need strictly government investments. Hopefully just money losing ones.

 

[courseofhistory]

Check the content of all coh's threads and note the August join date. Enough said. Be gone as soon as the Dims lose the election.

No, if Romney wins, I'll stick around to criticize him and Obama--to rub it in! I'm a hopeless political junkie. I belonged to a forum that was starte as a Hillary Clinton forum 4+ years ago and then it became infected with Obama trolls and a few of us Hillary/McCain/Palin supporters stuck around for all this time and it suddenly closed without warning. It was a pretty good mix of righties and lefties and a few of us independents, a couple of Ron Paul supporters and libertarians. So, I had to find a new forum home. The owner didn't like that the cons had overtaken the forum to some extent so he took his marbles and went home I suspect. Some of us have joined here and elsewhere such as my forum I started so those from the old forum could at least keep in touch Political Gathering - Home Right now we occasionally gossip but it's about politics and anything else people want it to be.