2016 Postmortem
In reply to the discussion: Here are the facts about Bain and KB Toys, much worse than 'Vulture' Capitalism [View all]KharmaTrain
(31,706 posts)He left as a stockholder in the company...yes a lot of 'em, but he wasn't in the decision making capacity in this deal. He didn't create Vulture Capitalism or the "culture"...he and Bain took advantage of lax regulation and even more lax enforcement. Moral? That's a question each person decides for themselves...but he wasn't culpable in this corporate demolition other than to benefit as a stockholder.
As we're seeing Mittens wears his Bain experience as a badge of honor...why would he denounce the company doing what its investors expected? In the greedy environment prior to the crash of '08 anything that made money was good...and no one wanted to know the details.
Don't get me wrong...I think Mitten's corporate "leadership" and Bain's immorality should be a centerpiece of President Obama's re-election. Spotlight those who were directly affected by decisions made directly by Mittens. Guilt by association only works after you've made a direct connection. There's plenty of dirt in his tenure and I'm sure Mr. Axelrod and Mr. Plouffe have large 8 x 12 binders bulging with these stories ready to roll in the summer and fall...
Cheers...