3 ms·
But the company was profitable before the VCs "restructured" it to basically steal (legally) everything they could. That's how the Vulture Capitalists work, the
by bdavisx 9y ago
But the company was profitable before the VCs "restructured" it to basically steal (legally) everything they could. That's how the Vulture Capitalists work, there are other comments detailing this. Just because you can make money doesn't mean you should.
- kaycebasques 9y agoThis narrative about vulture capitalists seems off. The CNN Money article first says: > Its debt was downgraded to junk bond status in January of 2005, at a time when Amazon's sales were just 4% of their current level. And then it says: > A year later the company was taken private by KKR, Bain Capital and real estate firm Vornado. The fact that their bonds were downgraded to junk a year before tells me that Toys R Us was already in trouble by the time private equity stepped in.