What Bain Vultures did to KB Toys

Discussion in 'Politics' started by Lakhota, Jun 11, 2012.

  1. Lakhota
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    Lakhota Diamond Member

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    More: Here are the facts about Bain and KB Toys, much worse than 'Vulture' Capitalism - Democratic Underground

    KB Toys History & Company Profile
     
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  2. Clementine
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    Clementine Platinum Member Supporting Member

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    I thought Romney left Bain in early 1999, so this has nothing to do with him.

    I take it the left is going to rip Bain to shreds and expect that they'll make Romney look bad. And it's merely opinion as to why they purchased KB Toys. I have kids and never really liked KB because they never had a good selection compared to Toys R Us. I think they sold because they were already in trouble. The local KB toy store where I live went under in 1997, long before Bain came along.
     
  3. Charles_Main
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    Charles_Main AR15 Owner

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    So you pick one case out of THOUSANDS, and a case that happened after Romney had already left?

    lol

    weak

    What you seem to fail to understand is some Companies are simply doomed. Where would KB toys be with out Bain? Our of Business. lol
     
  4. Caroljo
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    Caroljo Gold Member

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    It sounds to me like the company that "helped" KB stores in 1996 only put a bandaid on the problem. If they were so good, KB stores wouldn't have gone right back to restructuring again so soon. Bain couldn't help them either....Bain couldn't help EVERY company, some are too far gone.
     
  5. Rat in the Hat
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    Rat in the Hat Gold Member

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    Why is this in politics?? :dunno:
     
  6. freedombecki
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    freedombecki Let's go swimmin'! Supporting Member

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    Only 1 problem here, Lakhota.

    It's somebody else's business. ;)
     
  7. Clementine
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    Clementine Platinum Member Supporting Member

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    Because the OP is trying to pin this on Romney somehow. It's a sign of desperation.
     
  8. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    When there is an 80% success rate, there is a 20% failure rate.

    When you are purchasing failing companies to try to rebuild them, that can happen.

    Not sure why any of this is relevant to politics though.
     
  9. candycorn
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    candycorn Alis volat propriis

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    They did largely the same thing with Dunkin Donuts. The debt load it has now is likely going to kill the company. I hope it makes it regardless since I partake in their product from time to time. Bain moves in, assumes more debt; pays themselves back then....we will see what happens.
     
  10. LeftofLeft
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    LeftofLeft Gold Member

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    Contrast your toy story tragedy to what the Obama Administration did to the Gulf Coast Economy dependent on deepwater oil drilling.
     
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