As an adult working in corporate America, I have survived numerous downsizing and participated in acquisitions and mergers. My management team always wanted to do the best they could to make the company stronger (good for shareholders and employees too), and honor the Employees as best we could.
I have participated on boards and had to order downsizing. But approached this task with concern and practicality as a necessity.
But If Bain actually followed the business model of some of the worst of the corporate raiders, I don't think you would approve of those methods. I know I don't.
I want to see the facts - what did they do, and why did they do it? Then I'll know for sure. What I suspect from what I remember from the 90’s and what has been released so far, is that honest business people will not approve of some of the tactics.
At any rate, Newt is right to bring attention to what could very well sink a Romney campaign before it barely gets started. Maybe he could have chosen better words, and maybe his motives aren't the best(I can't read his heart).
I don't consider questioning business tactics of corporate raiders as an attack on Capitalism, any more than I would consider someone questioning a bounty hunter's mistake as being an attack on law enforcement.
I just know the issue needs to be fully vetted before people make a decision on who they support. Peace be with you. God Bless.
Yours is the rational approach. We have to know how many laudable deals Bain did and how many malicious deals they did where they found ways to bleed excessive profits (via dividends and management fees) out of an acquisition knowing this would bankrupt the company. Thus screwing the other shareholders and forcing the taxpayers to bail out the pension plan (via the Federal agency that does this)
Why didn’t Massachusetts Democrats try to tar Romney with Bain’s activities? Maybe Bain was so clean they couldn’t