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"Bain doesn't get off the hook here with zero losses." They make the company pay them dividends while saddling the company with their debt. "The debtors howev
by s73v3r_ 9y ago
"Bain doesn't get off the hook here with zero losses."
They make the company pay them dividends while saddling the company with their debt.
"The debtors however get screwed even further... most if not all of them get absolutely nothing."
And yet, they keep lending to these vultures. I have no sympathy.
- opmac 9y ago> They make the company pay them dividends while saddling the company with their debt. Yes that is true. Is the sum of dividends over X years >= the amount of equity wiped out in a Chapter 7 liquidation? Impossible to say... the company is private. > They make They didn't make them do anything. They bought the company... they can do what they want as owners. That's just how this game works.
- s73v3r_ 9y agoAnd that's not a good enough argument anymore. They did force this upon the company, and they are feeling absolutely none of the consequences of their decision.
- opmac 9y ago> they are feeling absolutely none of the consequences of their decision Man I wish I knew the fine details of the books of a multi-billion dollar private equity firm like you do.