So Mitt Didn't Leave Bain in 1999 After All

Superfreak said:
You are quite simply wrong. They make far more money on the deals that succeed long term than they do on companies that fail. Look at the Ampad deal Bijou keeps harping on. They lost their remaining third of the company along with the other stockholders. Had the company remained successful, they would have continue to profit with no additional effort.

You are simply spouting nonsense and pretending you understand the industry which you clearly do not.
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Tell us about Bain and Kaybee Toys, Lovey. ;)
 
General Buck Turgidson said:
Let's get real. They aren't helping them keep their jobs. They're trying to make the most money they can possibly make. If that means firing every last employee, that's what they'll do. If it means keeping every last employee, they'll do that to. "Helping them keep their jobs" isn't how I would describe it.
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The stupidity of the above is why the talking points from Obama are working. You want to see the Bains of the world as some great evil and so you do.

They want to maximize profits as do all business owners. But you ignore the fact that those struggling companies would go under if not for firms like Bain which means every last employee loses his/her job sooner. A point you and your liberal wing nut friends cannot grasp.
 
Bijou said:
Tell us about Bain and Kaybee Toys, Lovey. ;)
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Portfolio
Accellent HD Supply
Air Medical Group Holdings Hero Investments
AMC Entertainment Himadri
Applied Systems Ideal Standard
ASIMCO IMCD
Bellsystem24 International Market Centers
Bloomin' Brands JinSheng International
Bombardier Recreational Products Lilliput Kidswear
Brakes Group MEI Group
Brenntag Michaels
Bright Horizons MYOB
Broder Bros., Co. NXP
Burlington Coat Factory Physio Control
Cerved Quintiles
China Fire and Security Group, Inc. Securitas Direct
Clear Channel Communications Sensata Technologies
Contec Sinomedia Holding Limited
CRC Health Group SkillSoft
Cumulus Media Skylark
D&M Holdings SquareTrade
Domino's Pizza Japan SUNAC
Dunkin' Brands SunGard
Edcon Suntel
EPOCH Holdings TeamSystem
FCI The Weather Channel
FleetCor Toys "R" Us
GA PACK Trinseo
GOME Unisource
Guitar Center Uniview
Gymboree Warner Chilcott
Gymboree China WorldPay
HCA
 
Superfreak said:
Portfolio
Accellent HD Supply
Air Medical Group Holdings Hero Investments
AMC Entertainment Himadri
Applied Systems Ideal Standard
ASIMCO IMCD
Bellsystem24 International Market Centers
Bloomin' Brands JinSheng International
Bombardier Recreational Products Lilliput Kidswear
Brakes Group MEI Group
Brenntag Michaels
Bright Horizons MYOB
Broder Bros., Co. NXP
Burlington Coat Factory Physio Control
Cerved Quintiles
China Fire and Security Group, Inc. Securitas Direct
Clear Channel Communications Sensata Technologies
Contec Sinomedia Holding Limited
CRC Health Group SkillSoft
Cumulus Media Skylark
D&M Holdings SquareTrade
Domino's Pizza Japan SUNAC
Dunkin' Brands SunGard
Edcon Suntel
EPOCH Holdings TeamSystem
FCI The Weather Channel
FleetCor Toys "R" Us
GA PACK Trinseo
GOME Unisource
Guitar Center Uniview
Gymboree Warner Chilcott
Gymboree China WorldPay
HCA
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Are you avoiding the Kaybee Toys story for any particular reason, Lovey?
 
Bijou, I am curious to hear this multi-prong approach you would like to see happen. I can't figure out how the government would step in and stop these capital flows but I am open to listening to how you think they should.
 
Superfreak said:
You are quite simply wrong. They make far more money on the deals that succeed long term than they do on companies that fail. Look at the Ampad deal Bijou keeps harping on. They lost their remaining third of the company along with the other stockholders. Had the company remained successful, they would have continue to profit with no additional effort.

You are simply spouting nonsense and pretending you understand the industry which you clearly do not.
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Pulling rank again? Really working well for you, SF. I'll put it to you this way, when your argument breaks down to the point where you are arguing vague generalities about an industry in general it probably isn't going to well for the specific person you are defending. I mean, like, if what Bain did was so totally awesome, why is Mitt running like hell from it at this point?

And you can pretend to be a Johnson support all you want, but you know and I know what will happen when you step into that little box on election day.
 
cawacko said:
Bijou, I am curious to hear this multi-prong approach you would like to see happen. I can't figure out how the government would step in and stop these capital flows but I am open to listening to how you think they should.
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Here's an easy one for starters. Do you think it's an acceptable practice for the 'VC' firm to collect a 2,000% ROI?
 
General Buck Turgidson said:
Pulling rank again? Really working well for you, SF. I'll put it to you this way, when your argument breaks down to the point where you are arguing vague generalities about an industry in general it probably isn't going to well for the specific person you are defending. I mean, like, if what Bain did was so totally awesome, why is Mitt running like hell from it at this point?

And you can pretend to be a Johnson support all you want, but you know and I know what will happen when you step into that little box on election day.
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Bingo.
 
Bijou said:
Here's an easy one for starters. Do you think it's an acceptable practice for the 'VC' firm to collect a 2,000% ROI?
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Is the firm breaking any rules? If not I don't have a problem with it. I was talking private equity (former LBO companies until they changed the name of the industry). I'm not talking venture capital. (And yes venture capital firms can make some crazy ROI's on home run investments they hit). Would you like to see returns PE firms make capped by legislation?
 
Bijou said:
You and so many others. As I said, I won't hold my breath for any reasonable reforms any time soon.
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I guess this is where I'm lacking imagination what type of reforms would you like to see instituted?

There are lots of private equity companies and to my knowledge 2000% returns are quite rare. So do you legislate to prevent an extreme from happening?
 
cawacko said:
I guess this is where I'm lacking imagination what type of reforms would you like to see instituted?

There are lots of private equity companies and to my knowledge 2000% returns are quite rare. So do you legislate to prevent an extreme from happening?
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Yep.
 
Darla said:
This should be interesting: http://www.politico.com/blogs/media/2012/07/romney-to-give-network-interviews-today-128875.html

I guess they think he is in trouble and needs to start doing some xplaining. Just my take on it. It's true I don't know much about the VC I hasten to add.

But being a woman, I do know bullshit when I hear it!
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Well then you must know more than the NYTimes....And a word on that, the Grey Lady certainly could be categorized as unapologetic, and unabashedly in Obama's corner....So that makes this article disturbing for those on the liberal side trying to hammer these lies about Romney....

For weeks, President Obama’s top campaign strategists have tried to establish that Mitt Romney was at the helm of Bain Capital when some of its companies moved workers overseas.
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Proving his presence at Bain between 1999 and 2002 would create a direct link to what Mr. Obama’s team describes as the outsourcing of American jobs. And it would contradict Mr. Romney’s repeated assertions that by then he had left Bain, the private equity firm he founded, to rescue the Salt Lake City Olympic Games.

But definitive proof about Mr. Romney’s activities remains elusive, leading to another day of increasingly bitter charges and countercharges from the two campaigns.

snip

Matt Rhoades, the campaign manager for Mr. Romney, issued a blistering statement calling on Mr. Obama to apologize for Ms. Cutter’s remarks.

“President Obama’s campaign hit a new low today when one of its senior advisers made a reckless and unsubstantiated charge to reporters about Mitt Romney that was so over the top that it calls into question the integrity of their entire campaign,” Mr. Rhoades said in a statement.

He called Ms. Cutter part of an “out of control” staff working on Mr. Obama’s behalf.

snip

...other reports emerged on Thursday to support the Romney campaign’s assertion that he did not have any operational control over Bain after 1999.

A statement from Charlyn Lusk, a spokeswoman for Bain Capital, reiterated Mr. Romney’s position that he “has had absolutely no involvement with the management or investment activities of the firm or with any of its portfolio companies since the day of his departure” in 1999.

Ms. Lusk said that “due to the sudden nature of Mr. Romney’s departure, he remained the sole stockholder for a time while formal ownership was being documented and transferred to the group of partners who took over management of the firm in 1999.”

“Accordingly,” she added, “Mr. Romney was reported in various capacities on S.E.C. filings during this period.”

Documents obtained by Fortune magazine on Thursday appeared to bolster that contention. The magazine said on its Web site that it had obtained offering documents for funds that Bain Capital circulated in 2000 and 2001. The documents listed the managers of the funds. Mr. Romney’s name was not on them.

http://www.nytimes.com/2012/07/13/u...os-over-a-romney-role-at-bain-after-1999.html
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This is what demo campaigns do when they are faced with a clear loss at the polls...A couple of claims here, a couple of highly edited clips there, and then start the echo chamber....Well, no one, not even the Times is buying it....FAIL!
 
Bijou said:
By electing senators, representatives and a president who haven't whored themselves to the financial industry.

Don't sweat it. It won't happen for a long time yet.
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I'm smart enough to know there is a lot I don't know. So even if I don't agree with something I am usually open-minded enough to at least hear it out. Thus my curiousity of how you could legislate capital flows in the marketplace as you would like or envision.
 
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