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Posts Tagged ‘Corporate raiders’

Here is an item for the consideration of genuine conservatives and also those potential voters out there who are not enamored of any of the candidates, republican or democrat.

I have seen Mr. Romney portrayed as an astute and able businessman, conversant with the business world and better able to create jobs than any of the other candidates. Mr. Romney himself is especially vocal about these “qualities” and “talents” of his.

Now I have read a few pieces about the man, especially his association with the Bain Corporation. For those of you who have no knowledge of the working lexicon of the business world I will share what little I have and now looks like a good time for it.

A genuine businessman or woman builds a business. With talent,  good ideas, good ethics and good people skills. They either do this from the ground up, as in starting a business, or they take over from a retiring family member or fellow board person. In the latter case, other members of the board elect them to their position of leadership because they have shown abilities that will help the business to grow.

Then there are the “sharks” of the business world. They keep their eyes open for businesses that are not failing, bankrupt or in otherwise bad shape but are good, viable, going concerns that may have a vulnerability somewhere in their stock management that will allow what good business people all recognize as a “hostile takeover.” That means the new owners are not interested in running the business as is but are looking to sell off any liquifiable assets, fire a good portion of the people and make an instant cash killing in a short time. These particular types of sharks are known as “Corporate Raiders.”

Now, go back and reread some of the articles concerning Mr. Romney’s talents as used by the Bain Corporation. Mr. Wannabe President Romney is the textbook definition of the Corporate Raider. Do some research, it won’t hurt you. See if you can find out how many of the businesses Bain “restructured” were going bankrupt. You can’t make a large cash killing off of a bankrupt concern, creditors have first claim to all the assets. These predators of the business world only kill off the healthy.

How would you like him for President?

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