Thursday, August 9, 2012

Corporate Reformer Bain Capital Much Like Terrible Corporate Education Reformers | Alternet

Corporate Reformer Bain Capital Much Like Terrible Corporate Education Reformers | Alternet
"Bain Capital has received a lot of negative press lately from President Barack Obama's reelection campaign as it's the corporation once run by current Republican presidential candidate Mitt Romney.
As it turns out Romney made a killing from his time as CEO of Bain, but he was far from a job creator. Through his workthousands of people lost their jobs. The corporation uses a "Corporate Reform" model that looks a lot like the current model being used by billionaire-backed Astroturf groups claiming it will fix schools.

 Bain's a private equity firm that specialized in "leveraged buyouts"."