Posted on 07/31/2010 5:46:33 PM PDT by bigbob
Part Warren Buffett and part Dolly Parton, the 49-year-old native of the Bronx borough of New York owns or has an equity stake in companies that are as eclectic as her wardrobe — and include brand names such as Arizona Ice Tea, English Leather cologne and Isotoner gloves.
Through her private-equity firm Patriarch Partners she also owns companies with some of the world's most iconic names, including mapmaker Rand McNally, firetruck manufacturer American LaFrance and Italian factory-machine maker Ansaldo Sistemi Industriali.
In 2005, Tilton acquired Mesa, Ariz.-based MD Helicopters, a company founded by Howard Hughes.
Although diverse, the companies had a common trait before Tilton began investing in them. They produced well-known products but were about to go out of business.
"We turn dust to diamonds," she said at the Anaheim Convention Center. "We buy what everybody else tosses away."
Lynn Tilton truly "saves jobs" and creates new opportunities through her PE company, Patriarch Partners. A great example of American Exceptionalism, and well worth watching if you can.
I happened to catch the interview. Very impressive and extremely interesting.
One smart lady. Whay haven’t we heard about her before?
The significant are rarely famous and the famous are rarely significant.
She makes her wealth by collecting as many claims on the future labor of others as possible.
“”I happened to catch the interview. Very impressive and extremely interesting.””
I saw it also - but those PANTS! Guess if we could manage to do what she’s done, it wouldn’t matter.
Just as long as we don’t have to see Hillary or Michelle wearing them, I can stand it. Sure hope they didn’t see them.
She makes her wealth by collecting as many claims on the future labor of others as possible.
I have yet to hear of her forcing anyone to work in one of her companies at gunpoint. The fact is, the people who work there are pretty happy that she saved their jobs.
Now go peddle your communist twaddle somewhere else.
Her private equity company acquires companies that are in distress, invests in them, restructures them, enables them to develop new products that meet customer needs, and in the process, keeps many people employed. Many of these are companies that would not meet the criteria for acquisition by Fortune 500 companies who are under pressure to meet quarter-over-quarter growth expectations and can’t make investments in companies that aren’t already doing well. In this way she saves jobs that would otherwise be lost due to bankruptcy or plant closures, and creates new ones by re-investing in companies who have the potential to be competitive again. Yes, I call that American Exceptionalism.
But my M&A experience is based on initiating only two multi-million dollar acquisitions for a Fortune 50 company. Perhaps you are more knowledgable in corporate finance, and can explain how this amounts to “securitizing bad debt”.
"Arise, ye prisoners of starvation....."
Pics!
That's funny. I don't remember ever having said that she did.
Now go peddle your communist twaddle somewhere else.
LOL! "Communist twaddle"? Do you have even the beginning of an inkling what Communism is?
The facts are that her company specializes in securitizing bad debt to high risk investors.
And how does she do this??? By securitizing bad debt, that's how.
Many of these are companies that would not meet the criteria for acquisition by Fortune 500 companies who are under pressure to meet quarter-over-quarter growth expectations and can’t make investments in companies that aren’t already doing well.
You just made my point for me.
In this way she saves jobs that would otherwise be lost due to bankruptcy or plant closures, and creates new ones by re-investing in companies who have the potential to be competitive again.
Fine...but's it's through securitizing bad debt that she does this. She's no hero - she's part of the problem.
Yes, I call that American Exceptionalism.
You would...if you're putting together M&A's based on high-risk securitizations.
But my M&A experience is based on initiating only two multi-million dollar acquisitions for a Fortune 50 company. Perhaps you are more knowledgable in corporate finance, and can explain how this amounts to “securitizing bad debt”.
Are you securitizing risky debt to make this happen? I doubt it. A Fortune 50 company wouldn't be in that business.
Don't put lipstick on a pig.
Hmmm...
have a closet Marxist here.
How quaint.
You folks are really something else with your lack of understanding in regards to the terms you so loosely throw around.
Please educate me on how I am being "Marxist". Be specific 'O learned one. I'll be waiting.
Absolutely, call it financial recycling. The bad debt exists, it is a fact and it doesn't go away. She finds a way to turn it to a profit instead of wasting away. Think of it as the 21st century version of the 1930 Oklahoma dirt farmer who bought up all his neighbors land when they couldn't pay the bills. He ended up rich and the land became future farms and cities.
Oh, learned one, the woman is successful and makes money, therefore she is your Marxist widdle heart’s enemy. She also keeps people employed...another reason to be the enemy of Marxism....how DARE she be successful at what she does and help life others up and give them jobs so they too can be successful and not dependent on the government. My, my, my, we can’t have happily employed Americans, strong and independent in their own right...everybody should be sitting on their butts waiting for a government handout with the government’s boot on their throat so you kewl Marxists can suck the life out of them.
Have you bothered to go to this person's web site and read her bio? Or are you just relying on what others write and what some may have been exposed to during a media interview.
Let's discuss facts:
She has built her successful company by becoming an expert in securitizing bad debt. She cut her financial teeth at Morgan Stanley.
Do you realize what this means? No? Let me help explain it.
She and her company specialize is selling extremely risky securitized debt to investors. Who has been buying these risky investments over the last number of years? Many investment houses that manage the retirement portfolios of their respective clients.
How many of the folks on this forum experienced a little bit of a "drop" in their retirement savings over the last few years? A few of you? How many of you have suffered depreciated home prices, or find themselves under water on their mortgage? Anybody?
That all came about by people like Ms. Tilton taking debt that was garbage, chopping into pieces with other bad debt - forming tranches, getting those tranches of worthless garbage rated AAA by the ratings agencies, and then selling that trash to your retirement fund.
Do any of you still call that "American Exceptionalism"? Or would you still rather shoot the messenger with words like "Communist" or "Marxist"?
I would encourage whoever reads this to do a little bit of research into what Ms. Tilton is all about instead of focusing so much on the employees of bankrupt organizations.
Yes, it's very sad when people lose their job. It's even sadder when the retirement portfolios of an entire nation get decimated by those that practice techniques such as Ms. Tilton.
Is communist twaddle, pure and simple.
Did you actually read post #17 and have something constructive to add?
Or, would you rather just again demonstrate your ignorance of the whole situation?
Is communist twaddle, pure and simple.
I can only assume that you are attempting to refer to Marx's Labor Theory of Value - and thinking that I adhere to it somehow.
That would be a tremendous leap of misunderstanding on your part.
Bonds - or debt - is what our entire monetary system is based on. When our government issues Treasury bonds it is promising the bearers of those bonds to be paid back at some future date, with interest. The government makes that promise based on its collection of tax receipts, selling even more Treasury securities, and stealing from the various "trust" funds - such as Social Security and Medicare.
All US Treasury bonds get paid back by the future labor of the workers - period. All bonds in general are paid back by the future labor of others, since our entire economic system is based on debt.
I have never stated - nor do I adhere to - the concept that all labor is of equal value, and that widgets should only derive their value from that labor. That is what Marx taught.
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