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| Re: Brave Democratic Newark Mayor Already Walked Back His Comments ON SUNDAY (944533) | |||
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Re: Brave Democratic Newark Mayor Already Walked Back His Comments ON SUNDAY |
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Posted by bingbong on Thu May 24 09:04:18 2012, in response to Re: Brave Democratic Newark Mayor Already Walked Back His Comments ON SUNDAY, posted by Fred G on Thu May 24 00:59:57 2012. ....because he didn't. Fact is, when looked at overall, private equity as an industry has been a lackluster job creator. This is due to their own profit motives, where wrecking a company for liquidation is viewed equally with saving or expanding it. It's all a matter of what produces better profit for THEM, everyone else could just as easily be discarded. Lives don't fit well with statistics.What really angers me is that in liquidations, not only do these people lose their jobs, but their pensions are taken away, no severance no insurance, not even so much as job placement assistance, and surely not some temporary assistance to go to school to train for another job, You'd think they could consider a percentage point of profit to assist the people whose lives they ruined. |
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