Qtec
09-02-2012, 05:53 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">If you trace the public controversies over Bain Capital over time, you can see how the obsession over shareholder value and efficiency proved not just inequitable but destabilizing. A half-*decade after Harold Kellogg showed up in Boston, Bain Capital and others were sued by shareholders of Stage Stores, a Texas retailer, charging Bain of helping to manipulate the stock. The lawsuit accused the company of giving <span style='font-size: 14pt'>misleadingly optimistic performance projections, which sent the retailer’s stock soaring past $50 a share, at which point Bain Capital unloaded virtually all of its stock.</span> When more realistic earnings projections were released, <span style='font-size: 17pt'>Stage Store’s stock plunged 58 percent in a single day.</span> <u>The lawsuit was later dismissed.</u> But then, shortly after Romney left came the KB Toys fiasco, in which, another lawsuit alleged, <span style='font-size: 14pt'>Bain Capital and KB executives took a dividend recap of over $120 million two years before the *company collapsed into bankruptcy.
<span style='font-size: 14pt'>No court found that Bain Capital did anything illegal in these cases.</span> </span> </div></div>
link (http://nymag.com/news/politics/mitt-romney-2011-10/index5.html)
Fair?
Can you believe Mitt when he says "we have to close the loopholes?"
Q
<span style='font-size: 14pt'>No court found that Bain Capital did anything illegal in these cases.</span> </span> </div></div>
link (http://nymag.com/news/politics/mitt-romney-2011-10/index5.html)
Fair?
Can you believe Mitt when he says "we have to close the loopholes?"
Q