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2016 Postmortem

reteachinwi

(579 posts)

4. Wausau Paper Corporation

Reply to Manoverde84 (Original post)

Fri Dec 28, 2012, 01:53 AM

Dec 2012

is an example. A hedge fund or capital management company bought Wausau Paper for $6 a share. After closing a plant and laying off 450 workers ( among other things) the stock went to $9 a share. The buyers got a 50% windfall, the workers got a few weeks of unemployment insurance payment. This is how many (Bain Capital) capitalist make their money. They don't make anything. They manipulate markets. It was not a legal business model before Ronald Reagan brought us morning in America.

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Highlight:

CEOs benefit from exploited labor? [View all] Manoverde84 Dec 2012 OP

anyone? Manoverde84 Dec 2012 #1

Try this. bluesbassman Dec 2012 #2

excellent post! Manoverde84 Dec 2012 #3

Wausau Paper Corporation reteachinwi Dec 2012 #4

his reply.... Manoverde84 Dec 2012 #5

has he shown you anything, any of those stocks? Quote him reply #4. uppityperson Dec 2012 #6