Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Mitt Romney & Bain's profits?
How did Mitt Romney & Bain make profits on failed businesses that they took over. Specifically, businesses that they aquired then they failed all under Bain's tenure?
@Crash, I know that he should be rewarded for his successes (ie profitable businesses) but should he make profits on the companies he COULDN'T turn around? Read the question next time
@I like men now, I don't understand that. If a business is a success why would they break it up & fire people in the process? Atleast you read the question though
@Messin, I'm sorry but this is news. When a venture capitalist wants to not only be Prez but also says the country should be run like a business. It is news to see how such a person ran the company he was in charge of.
4 Answers
- 9 years agoFavorite Answer
What Romney did at Bain Capital was use leverage to acquire companies, improve them, and sell them at a profit. Along the way, several of those companies failed, and some workers lost their jobs.
At the same time, some of the companies Bain Capital invested in did quite well, and Romney helped create millions in profits AND jobs...yet you you don't hear much about the SUCCESSES Romney achieved at Bain.
- 9 years ago
Not an answer to your question, but SUCCESS? What success? He's screwed millions out the very men and women that made these companies profitable to begin with, cut all costs possible and threw them into the street. You'd better wake up. Romney is the middle class, workin man's WORSE NIGHTMARE! He's shipped more jobs overseas, closed more businesses, and spat in the faces of the men and women whose hard work he profited off of.
This guy has no idea how you and I even live he's so rich. I have nothing against being rich, every American strives to do the best they can, but Romney has gone about it the wrong way. He's thrown millions to lobbyists to have corporate laws thrown in his favor. He's SCUM! My generation has their eyes open and won't swallow the propaganda anymore! Ron Paul is the MAN!
- 9 years ago
This is NOT NEWS! It happens every DAY to businesses all over the country.....the world!
Read the Wall Street Journal much?
- ChuckLv 79 years ago
A business doesn't have to necessary fail. It can be carved up and sold to other businesses. Happens everyday.