Is Mitt Romney A Job Creator Or Destroyer? (Reprise Records & Hiding Behind Lawyers)

Keep talking about Bain...

http://downwithtyranny.blogspot.com/2011/06/is-mitt-romney-job-creator-or-job.html

When I retired a few years ago, I had worked my way up to being a divisional president of Warner Bros. I ran Reprise Records, the label founded by Frank Sinatra as an artists' refuge that could boast being home to Green Day, Eric Clapton, Morrissey, Neil Young, Depeche Mode, Joni Mitchell, Barenaked Ladies, Enya, Lou Reed, Wilco, Fleetwood Mac, Josh Groban, Alanis Morissette, the B-52s, Chris Isaak, Steely Dan, Candlebox and scores of other artists that probably made your heart dance at one time or another. I've written a great deal in the past about the disaster of the TimeWarner merger with AOL. The irresponsible, avaricious and predatory nature of AOL top management spelled doom for the merger from day one. It also spent doom for the companies that had been built over the decades. And it got worse. Eventually a failing AOLTimeWarner sold off Warner Music-- which included the record divisions-- to a consortium of investors that included, prominently, Bain Capital, the vulture firm (that's actually what it's called) run by Mitt Romney, who hopes to propel himself to the White House by claiming to be a job creator. He wasn't; he was a job destroyer-- as a business strategy. In 2008 the Boston Globe explained the Bain strategy of slashing jobs.

A few weeks ago a much-diminished Warner Music sold itself to a Russian Mafia character (an oil billionaire)-- and inside player who was already on the Board-- who basically bought it for the debts it had accrued while Bain and the rest of the consortium destroyed what was once the world's greatest record company and turned it into nothing at all... shedding 4/5 of the employees in the process. That's the Romney job creation prowess. We had over 500 people working at Warner Records USA when Bain came along. Now there are less than 100. And, in the process, Bain made a fortune and everyone else lost, especially the artists and the public and... music. As the Globe explained, Bain "specializes in leveraged buyouts. Leveraged buyouts combine small amounts of investors' money with large amounts of borrowed money to buy established companies, increase their value, and resell them at a profit."

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but finding ways to get rid of employed people.

you said, "finding ways to get rid of employed people." That magic formula is about the same for all corps today. Any labor than minimal is a liability, and citizens are a liability to them.

His formula applied to the nation would be cutting all social services, entitlements and health care, and throwing people out on the street. That would improve the bottom line for USA, Inc.

These people want to fatten their bottom line as in a corporation. They could give a flying F about the country, the citizens and its future. They only care relative to their bottom line profit.

Under their plan it works best for them if all old people, unhealthy, handicapped, unemployed, homeless, those ill in any manner were dead. They are in the way of the ultimate profit goal.

Hopefully Americans are waking up to their agenda and taking their brainwashing blinders off.

Ding ding ding