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  • Faentoller [none/use name]
    ·
    4 years ago

    Bain capital is also the one that purposefully ruined Toys R Us to enrich their executives. They just hate kids I guess! https://www.currentaffairs.org/2020/09/debt-strike-employee-owned-businesses-and-other-surprisingly-simple-tech-fixes

    Contrary to the popular narrative, the company did not go under because of online retail or more savvy competitors. It went under because Bain Capital, the private equity firm started by Mitt Romney, ran it into the ground, using its credit to pay Bain executives huge bonuses while not investing in competing with other retailers. (It’s a slightly more sophisticated version of the way organized crime “busts out” businesses.) Bain did the same thing with KB Toys;