Bain Capital: Buyout Profits Keep Flowing to Romney

[CaféAuLait]

Aw, gotta love the wingnut spin...

No spin.
A profit-sharing retirement plan isn't very uncommon.

Class-Envy suits you, tho....

Of course you're correct:

Profit-sharing plan ABCs

The ABCs of profit-sharing plans - Oct. 4, 2000

 

[Lakhota]

I have no doubt that Romney continues to wield considerable clout with the company he co-founded.

I am sure you DO believe that.


Proof?

Only Romney and the Bain boys know the details.

 

[Lakhota]

Aw, gotta love the wingnut spin...

No spin.
A profit-sharing retirement plan isn't very uncommon.

Class-Envy suits you, tho....

Of course you're correct:

Profit-sharing plan ABCs

The ABCs of profit-sharing plans - Oct. 4, 2000

Another wingnut who didn't digest the article.

 

[HUGGY]

There is a dark seedy aspect to Bain and it's association with the Church of LDS.

Lawsuit: Former Bain execs fired employees for not being Mormon | The Raw Story

And some of you think having this CULT own the white house is nothing to be concerned about?

Should Mittens be president??? Hell to the NO NO!

 

[KissMy]

Romney did not invest in the companies that he managed. He was being paid to manage them. He used a loophole called carried interest to avoid paying income tax. He has Bain pay him as if he is collecting dividends so he avoids income tax.

 

[Clementine]

It's like saying those public union members receiving hefty retirement benefits are still working for the city.

 

[HUGGY]

It's like saying those public union members receiving hefty retirement benefits are still working for the city.

I see you trying but you seem to get lost easily. It is more like the union members you refer to have a vested interest in the success of the city and will do anything they can to make sure they get thier retirement checks. Why you injected "work" into the equation is mystifying.

 

[SniperFire]

How is Obama's War on Capitalism workin out for ya in the polls, Libtards?

 

[Clementine]

It's like saying those public union members receiving hefty retirement benefits are still working for the city.

I see you trying but you seem to get lost easily. It is more like the union members you refer to have a vested interest in the success of the city and will do anything they can to make sure they get thier retirement checks. Why you injected "work" into the equation is mystifying.

Romney isn't working for Bain either. That was my point. He made a retirement deal with them, which he has a right to do.

 

[HUGGY]

It's like saying those public union members receiving hefty retirement benefits are still working for the city.

I see you trying but you seem to get lost easily. It is more like the union members you refer to have a vested interest in the success of the city and will do anything they can to make sure they get thier retirement checks. Why you injected "work" into the equation is mystifying.

Romney isn't working for Bain either. That was my point. He made a retirement deal with them, which he has a right to do.

Still off track I see. Nobody said he didn't have a right to. The point you are so adverse to consider is that Mitten's still has a vested interest in Bain. Thier decisions affect his income which by the way is more than a hundred times the income he is trying to get in his next job. Oh never mind.. walk yourself though it ..I'm getting tired of this.

 

[The Infidel]

Good GAWD you two liberals (HUGGY & Lakhota) are stupid

Funny how one appears and tries to put forth a "better" arguement for a losing debate

 

[HUGGY]

Good GAWD you two liberals (HUGGY & Lakhota) are stupid

Funny how one appears and tries to put forth a "better" arguement for a losing debate

Better check with Sandi to make sure you have the juice to make that call.

You are probably stumbling all over her toes.

 

[Darkwind]

Good GAWD you two liberals (HUGGY & Lakhota) are stupid

Funny how one appears and tries to put forth a "better" arguement for a losing debate

There is an article in the US News and World Report that details the funneling of Bain Capital funds to DNC coffers.

 

[KissMy]

It's like saying those public union members receiving hefty retirement benefits are still working for the city.

I see you trying but you seem to get lost easily. It is more like the union members you refer to have a vested interest in the success of the city and will do anything they can to make sure they get thier retirement checks. Why you injected "work" into the equation is mystifying.

You're an idiot!

 

[The Infidel]

Good GAWD you two liberals (HUGGY & Lakhota) are stupid

Funny how one appears and tries to put forth a "better" arguement for a losing debate

There is an article in the US News and World Report that details the funneling of Bain Capital funds to DNC coffers.

 

[The Infidel]

Good GAWD you two liberals (HUGGY & Lakhota) are stupid

Funny how one appears and tries to put forth a "better" arguement for a losing debate

Better check with Sandi to make sure you have the juice to make that call.

You are probably stumbling all over her toes.

I stand by my words chump... and I ask no one for their approval.

 

[Lakhota]

Private Equity Insider Talks Bain Capital Like It Really Is

By Peter Cohan

Private equity (PE) is not about creating jobs, it’s about creating financial structures that siphon cash from portfolio companies to PE partners’ bank accounts. That’s the conclusion of an executive who has spent the last decade working for PE-owned companies.

And one thing that really gets my source –who requested anonymity to stay employed – going is that Mitt Romney loves to talk about how he left Bain Capital 13 years ago. Yet, the source points out that Romney has continued to take profits from Bain Capital ever since.

The source contacted me after reading my May 23rd post about private equity — noting: “[Mitt Romney] takes credit for jobs he did not create, AND he also still gets a cut of the profits of the firm, taxed as carried interest at 15%.”

Since my source pays a 30% tax rate, that 15% really annoys this executive. Why? “PE pays off regulators. There is no way that the income taxed at 15% is a capital gain. That income puts other peoples’ money at risk and it’s a regularly paid income stream. That 15% is an unfair exemption from the tax rate for ordinary income.”

My source “works incredibly hard to meet cash flow targets only to have them snatched away.” This executive argued, “It gauls me that management fees my company pays to Bain Capital go– in some not insignificant part– into Mitt’s pocket, as part of his retirement package from Bain.”

In this executive’s view, that money could be better invested to improve the company. As the executive said, ”Those are dollars my company can’t use to invest in the business or to pay bonuses to valued employees.”

More: Private Equity Insider Talks Bain Capital Like It Really Is - Forbes

 

[The Infidel]

[ame=http://www.youtube.com/watch?v=897jlnmTYqE]Fail button - YouTube[/ame]

 

[Lakhota]

http://www.usmessageboard.com/politics/228279-what-bain-vultures-did-to-kb-toys.html

 

[Rat in the Hat]

So, based on The New York Times article, does anyone honestly believe that Romney does not continue to have considerable management influence with Bain Capital? IF you expect to provide an intelligent response, I highly suggest you read the entire article.

STFU, Whining Bull.