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Fairfax Underground
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Bain Capital closes another business, firing Va workers
Posted by:
bruce babbitt
()
Date: November 14, 2012 01:01PM
OMAHA, Neb. - Warren Buffett's company is planning to close a small Virginia newspaper that it bought from Media General earlier this year. The 10,000-circulation Manassas (Va.) News & Messenger, which began publishing in 1869, has been struggling to compete in the Washington D.C. suburbs. It will print its last issue on Dec. 30.
Buffett's Berkshire Hathaway Inc. says it has no plans to close any of its other newspapers. The Manassas closing will eliminate 33 jobs. An additional 72 corporate positions that Berkshire acquired with the Media General deal will be eliminated. The Omaha World-Herald reported the closure on Wednesday. Officials at Berkshire's newspaper unit, which is run by the World-Herald, did not immediately respond to a message. Buffett did not immediately respond to a message sent to his assistant Wednesday.
Oh wait its Obama butt buddy Warren Buffett closing a business to save money. All is forgiven. Any comments Ito?
Buffett's Berkshire Hathaway Inc. says it has no plans to close any of its other newspapers. The Manassas closing will eliminate 33 jobs. An additional 72 corporate positions that Berkshire acquired with the Media General deal will be eliminated. The Omaha World-Herald reported the closure on Wednesday. Officials at Berkshire's newspaper unit, which is run by the World-Herald, did not immediately respond to a message. Buffett did not immediately respond to a message sent to his assistant Wednesday.
Oh wait its Obama butt buddy Warren Buffett closing a business to save money. All is forgiven. Any comments Ito?
Re: Bain Capital closes another business, firing Va workers
Posted by:
Mittens Having Kittens
()
Date: November 14, 2012 01:13PM
Mittens systematically plundered AMPAD, leaving a dead husk of a once-profitable company in his wake and destroying the livelihood of thousands of workers.
Buffet is a businessman; Mittens is a monster.
~
Edited 1 time(s). Last edit at 11/14/2012 01:15PM by Mittens Having Kittens.
Attachments:
Buffet is a businessman; Mittens is a monster.
~
Edited 1 time(s). Last edit at 11/14/2012 01:15PM by Mittens Having Kittens.
Attachments:
Re: Bain Capital closes another business, firing Va workers
Posted by:
go pull more stuff out of your
()
Date: November 14, 2012 01:16PM
I see Bain is a monstor when it saves money for investors, Buffett is a savior for doing the exact same thing. Does Obamas four year plan includes getting you out of your moms basement.
Re: Bain Capital closes another business, firing Va workers
Posted by:
lto
()
Date: November 14, 2012 01:17PM
This has to end,
Hopefully, Obama will take over all of the largest companies and run them properly.
The rich must be taken on the carpet, they need to empty those fat pockets and help people like me.
I mean there is only so far my disability checks go. I can't even go on vacations, cuz the airfare is too much.
Fuck the rich.
Hopefully, Obama will take over all of the largest companies and run them properly.
The rich must be taken on the carpet, they need to empty those fat pockets and help people like me.
I mean there is only so far my disability checks go. I can't even go on vacations, cuz the airfare is too much.
Fuck the rich.
Re: Bain Capital closes another business, firing Va workers
Posted by:
buy american
()
Date: November 14, 2012 01:20PM
Ito you are equally to blame. Every time you purchase a new extra large butt plug made in china the money goes overseas
Re: Bain Capital closes another business, firing Va workers
Posted by:
Mittens Having Kittens
()
Date: November 14, 2012 01:23PM
go pull more stuff out of your Wrote:
-------------------------------------------------------
> I see Bain is a monstor [sic] when it saves money for
> investors.
You're none too bright, so reading this slowly may enhance your understanding.
Romney and Bain made over $100 million, a 2000% return, from a company that was driven into bankruptcy while workers, shareholders, and communities were devastated.
In 1992, Romney’s Bain Capital bought American Pad and Paper (Ampad) for $5 million. Bain began increasing the company’s debt dramatically in order to pay fees to Bain and finance rapid acquisitions. In three years, Bain had brought the company’s debt from $11 million to $444 million. At the same time, Bain was slashing wages and retirement benefits for workers.
In 1995, Bain shut down an Ampad plant in Marion, Indiana, costing 200 jobs and devastating the community. Just months after shutting the plant, Bain had Ampad take on even more debt in order to pay Bain $60 million. Bain even took millions in fees for itself when it had Ampad take on debt to acquire new companies.
In 1996, Romney’s Bain sold 40% of its shares for $15 a share soon after taking the company public. By 1998, Ampad’s stock was virtually worthless and collapse due to the company’s unsustainable debt seemed imminent.
Numerous workers and managers from Ampad and former Bain executives have contradicted Romney’s statements on his involvement with the company.
~
Attachments:
-------------------------------------------------------
> I see Bain is a monstor [sic] when it saves money for
> investors.
You're none too bright, so reading this slowly may enhance your understanding.
Romney and Bain made over $100 million, a 2000% return, from a company that was driven into bankruptcy while workers, shareholders, and communities were devastated.
In 1992, Romney’s Bain Capital bought American Pad and Paper (Ampad) for $5 million. Bain began increasing the company’s debt dramatically in order to pay fees to Bain and finance rapid acquisitions. In three years, Bain had brought the company’s debt from $11 million to $444 million. At the same time, Bain was slashing wages and retirement benefits for workers.
In 1995, Bain shut down an Ampad plant in Marion, Indiana, costing 200 jobs and devastating the community. Just months after shutting the plant, Bain had Ampad take on even more debt in order to pay Bain $60 million. Bain even took millions in fees for itself when it had Ampad take on debt to acquire new companies.
In 1996, Romney’s Bain sold 40% of its shares for $15 a share soon after taking the company public. By 1998, Ampad’s stock was virtually worthless and collapse due to the company’s unsustainable debt seemed imminent.
Numerous workers and managers from Ampad and former Bain executives have contradicted Romney’s statements on his involvement with the company.
~
Attachments:
Re: Bain Capital closes another business, firing Va workers
Posted by:
HOA MGR
()
Date: November 14, 2012 01:27PM
Mittens Having Kittens Wrote:
-------------------------------------------------------
> Mittens systematically plundered AMPAD, leaving a
> dead husk of a once-profitable company in his wake
> and destroying the livelihood of thousands of
> workers.
>
> Buffet is a businessman; Mittens is a monster.
>
> ~
I wonder if the trend towards digital media had anything to do with this?
Its all those rich 20-somethings who created those fancy pants websites!
-------------------------------------------------------
> Mittens systematically plundered AMPAD, leaving a
> dead husk of a once-profitable company in his wake
> and destroying the livelihood of thousands of
> workers.
>
> Buffet is a businessman; Mittens is a monster.
>
> ~
I wonder if the trend towards digital media had anything to do with this?
Its all those rich 20-somethings who created those fancy pants websites!
Re: Bain Capital closes another business, firing Va workers
Posted by:
I have seen it
()
Date: November 14, 2012 01:29PM
Its the internet that allows MHK to stay in his moms basement 24/7. He gets to pretend to be a man of means living off his wealth when we know he shares a room with a washer and dryer.
Re: Bain Capital closes another business, firing Va workers
Posted by:
lto
()
Date: November 14, 2012 01:30PM
Mittens Having Kittens Wrote:
-------------------------------------------------------
> go pull more stuff out of your Wrote:
> --------------------------------------------------
> -----
> > I see Bain is a monstor [sic] when it saves
> money for
> > investors.
>
> You're none too bright, so reading this slowly may
> enhance your understanding.
>
> Romney and Bain made over $100 million, a 2000%
> return, from a company that was driven into
> bankruptcy while workers, shareholders, and
> communities were devastated.
>
> In 1992, Romney’s Bain Capital bought American
> Pad and Paper (Ampad) for $5 million. Bain began
> increasing the company’s debt dramatically in
> order to pay fees to Bain and finance rapid
> acquisitions. In three years, Bain had brought
> the company’s debt from $11 million to $444
> million. At the same time, Bain was slashing wages
> and retirement benefits for workers.
>
> In 1995, Bain shut down an Ampad plant in Marion,
> Indiana, costing 200 jobs and devastating the
> community. Just months after shutting the plant,
> Bain had Ampad take on even more debt in order to
> pay Bain $60 million. Bain even took millions in
> fees for itself when it had Ampad take on debt to
> acquire new companies.
>
> In 1996, Romney’s Bain sold 40% of its shares
> for $15 a share soon after taking the company
> public. By 1998, Ampad’s stock was virtually
> worthless and collapse due to the company’s
> unsustainable debt seemed imminent.
>
> Numerous workers and managers from Ampad and
> former Bain executives have contradicted
> Romney’s statements on his involvement with the
> company.
>
> ~
You are the man.
I couldn't agree with you more unless I was wearing my pants which I'm not cuz I'm jerking off at the moment.
You write very long posts, but that's still OK, by me.
Do you like my posts?
-------------------------------------------------------
> go pull more stuff out of your Wrote:
> --------------------------------------------------
> -----
> > I see Bain is a monstor [sic] when it saves
> money for
> > investors.
>
> You're none too bright, so reading this slowly may
> enhance your understanding.
>
> Romney and Bain made over $100 million, a 2000%
> return, from a company that was driven into
> bankruptcy while workers, shareholders, and
> communities were devastated.
>
> In 1992, Romney’s Bain Capital bought American
> Pad and Paper (Ampad) for $5 million. Bain began
> increasing the company’s debt dramatically in
> order to pay fees to Bain and finance rapid
> acquisitions. In three years, Bain had brought
> the company’s debt from $11 million to $444
> million. At the same time, Bain was slashing wages
> and retirement benefits for workers.
>
> In 1995, Bain shut down an Ampad plant in Marion,
> Indiana, costing 200 jobs and devastating the
> community. Just months after shutting the plant,
> Bain had Ampad take on even more debt in order to
> pay Bain $60 million. Bain even took millions in
> fees for itself when it had Ampad take on debt to
> acquire new companies.
>
> In 1996, Romney’s Bain sold 40% of its shares
> for $15 a share soon after taking the company
> public. By 1998, Ampad’s stock was virtually
> worthless and collapse due to the company’s
> unsustainable debt seemed imminent.
>
> Numerous workers and managers from Ampad and
> former Bain executives have contradicted
> Romney’s statements on his involvement with the
> company.
>
> ~
You are the man.
I couldn't agree with you more unless I was wearing my pants which I'm not cuz I'm jerking off at the moment.
You write very long posts, but that's still OK, by me.
Do you like my posts?
Re: Bain Capital closes another business, firing Va workers
Posted by:
Ito and MHK?
()
Date: November 14, 2012 01:32PM
My congrats,
Attachments:
Attachments:
Re: Bain Capital closes another business, firing Va workers
Posted by:
Huh???
()
Date: November 14, 2012 01:33PM
Who hijacked Ito's account?
Re: Bain Capital closes another business, firing Va workers
Posted by:
Lto not Ito
()
Date: November 14, 2012 01:35PM
Probably gonna get a ban hammer on whatever IP registered this imposter account.
User Profile : lto
Email: Hidden
Posts: 9
Registered: 11/14/2012 12:26PM
Last Activity: 11/14/2012 01:33PM
User Profile : lto
Email: Hidden
Posts: 9
Registered: 11/14/2012 12:26PM
Last Activity: 11/14/2012 01:33PM
Re: Bain Capital closes another business, firing Va workers
Posted by:
lto
()
Date: November 14, 2012 01:58PM
Huh??? Wrote:
-------------------------------------------------------
> Who hijacked Ito's account?
I hijacked it.
You wanna know why?
Cuz, I don't like people who go around telling other people to committ suicide.
And, give me a break, eesh does this same thing to Alias all the time, and nothing happens to him.
But, if you must know, I'm finished mocking Ito; it's starting to bore me, but that doesn't mean he's out of my radar.
Anyway, enough about me.
Tell me a little bit about yourself.
You come here often?
-------------------------------------------------------
> Who hijacked Ito's account?
I hijacked it.
You wanna know why?
Cuz, I don't like people who go around telling other people to committ suicide.
And, give me a break, eesh does this same thing to Alias all the time, and nothing happens to him.
But, if you must know, I'm finished mocking Ito; it's starting to bore me, but that doesn't mean he's out of my radar.
Anyway, enough about me.
Tell me a little bit about yourself.
You come here often?
Re: Bain Capital closes another business, firing Va workers
Posted by:
Ralph Pootawn
()
Date: November 14, 2012 01:59PM
lto Wrote:
-------------------------------------------------------
> Huh??? Wrote:
> --------------------------------------------------
> -----
> > Who hijacked Ito's account?
>
>
> I hijacked it.
>
> You wanna know why?
>
> Cuz, I don't like people who go around telling
> other people to committ suicide.
>
> And, give me a break, eesh does this same thing to
> Alias all the time, and nothing happens to him.
>
> But, if you must know, I'm finished mocking Ito;
> it's starting to bore me, but that doesn't mean
> he's out of my radar.
>
> Anyway, enough about me.
>
> Tell me a little bit about yourself.
>
> You come here often?
Attachments:
-------------------------------------------------------
> Huh??? Wrote:
> --------------------------------------------------
> -----
> > Who hijacked Ito's account?
>
>
> I hijacked it.
>
> You wanna know why?
>
> Cuz, I don't like people who go around telling
> other people to committ suicide.
>
> And, give me a break, eesh does this same thing to
> Alias all the time, and nothing happens to him.
>
> But, if you must know, I'm finished mocking Ito;
> it's starting to bore me, but that doesn't mean
> he's out of my radar.
>
> Anyway, enough about me.
>
> Tell me a little bit about yourself.
>
> You come here often?
Attachments:
Re: Bain Capital closes another business, firing Va workers
Posted by:
High Self-Worth
()
Date: November 14, 2012 02:00PM
lto Wrote:
-------------------------------------------------------
> Huh??? Wrote:
> --------------------------------------------------
> -----
> > Who hijacked Ito's account?
>
>
> I hijacked it.
>
> You wanna know why?
>
> Cuz, I don't like people who go around telling
> other people to committ suicide.
>
> And, give me a break, eesh does this same thing to
> Alias all the time, and nothing happens to him.
>
> But, if you must know, I'm finished mocking Ito;
> it's starting to bore me, but that doesn't mean
> he's out of my radar.
>
> Anyway, enough about me.
>
> Tell me a little bit about yourself.
>
> You come here often?
http://en.wikipedia.org/wiki/Grandiose_delusions
-------------------------------------------------------
> Huh??? Wrote:
> --------------------------------------------------
> -----
> > Who hijacked Ito's account?
>
>
> I hijacked it.
>
> You wanna know why?
>
> Cuz, I don't like people who go around telling
> other people to committ suicide.
>
> And, give me a break, eesh does this same thing to
> Alias all the time, and nothing happens to him.
>
> But, if you must know, I'm finished mocking Ito;
> it's starting to bore me, but that doesn't mean
> he's out of my radar.
>
> Anyway, enough about me.
>
> Tell me a little bit about yourself.
>
> You come here often?
http://en.wikipedia.org/wiki/Grandiose_delusions
Re: Bain Capital closes another business, firing Va workers
Posted by:
Hank Moody
()
Date: November 14, 2012 02:33PM
lto Wrote:
-------------------------------------------------------
> Huh??? Wrote:
> --------------------------------------------------
> -----
> > Who hijacked Ito's account?
>
>
> I hijacked it.
>
> You wanna know why?
>
> Cuz, I don't like people who go around telling
> other people to committ suicide.
>
> And, give me a break, eesh does this same thing to
> Alias all the time, and nothing happens to him.
>
> But, if you must know, I'm finished mocking Ito;
> it's starting to bore me, but that doesn't mean
> he's out of my radar.
>
> Anyway, enough about me.
>
> Tell me a little bit about yourself.
>
> You come here often?
Please go suck on the barrel of a loaded .45 and squeeze the trigger. Thanks!
-------------------------------------------------------
> Huh??? Wrote:
> --------------------------------------------------
> -----
> > Who hijacked Ito's account?
>
>
> I hijacked it.
>
> You wanna know why?
>
> Cuz, I don't like people who go around telling
> other people to committ suicide.
>
> And, give me a break, eesh does this same thing to
> Alias all the time, and nothing happens to him.
>
> But, if you must know, I'm finished mocking Ito;
> it's starting to bore me, but that doesn't mean
> he's out of my radar.
>
> Anyway, enough about me.
>
> Tell me a little bit about yourself.
>
> You come here often?
Please go suck on the barrel of a loaded .45 and squeeze the trigger. Thanks!
Re: Bain Capital closes another business, firing Va workers
Posted by:
SoylentGreen
()
Date: November 14, 2012 08:03PM
Mittens Having Kittens Wrote:
-------------------------------------------------------
> Romney and Bain made over $100 million, a 2000%
> return, from a company that was driven into
> bankruptcy while workers, shareholders, and
> communities were devastated.
Romney, Bain AND but not limited to the following:
* Illinois Municipal Retirement Fund ($2.2 million)
* Indiana Public Retirement System ($39.3 million)
* Iowa Public Employees’ Retirement System ($177.1 million)
* The Los Angeles Fire and Police Pension System ($19.5 million)
* Maryland State Retirement and Pension System ($117.5 million)
* Public Employees’ Retirement System of Nevada ($20.3 million)
* State Teachers Retirement System of Ohio ($767.3 million)
* Pennsylvania State Employees’ Retirement System ($231.5 million)
* Employees’ Retirement System of Rhode Island ($25 million)
* San Diego County Employees Retirement Association ($23.5 million)
* Teacher Retirement System of Texas ($122.5 million)
* Tennessee Consolidated Retirement System ($15 million)
Making money after all is the business Bain is in.
-------------------------------------------------------
> Romney and Bain made over $100 million, a 2000%
> return, from a company that was driven into
> bankruptcy while workers, shareholders, and
> communities were devastated.
Romney, Bain AND but not limited to the following:
* Illinois Municipal Retirement Fund ($2.2 million)
* Indiana Public Retirement System ($39.3 million)
* Iowa Public Employees’ Retirement System ($177.1 million)
* The Los Angeles Fire and Police Pension System ($19.5 million)
* Maryland State Retirement and Pension System ($117.5 million)
* Public Employees’ Retirement System of Nevada ($20.3 million)
* State Teachers Retirement System of Ohio ($767.3 million)
* Pennsylvania State Employees’ Retirement System ($231.5 million)
* Employees’ Retirement System of Rhode Island ($25 million)
* San Diego County Employees Retirement Association ($23.5 million)
* Teacher Retirement System of Texas ($122.5 million)
* Tennessee Consolidated Retirement System ($15 million)
Making money after all is the business Bain is in.
Re: Bain Capital closes another business, firing Va workers
Posted by:
Klampaigner
()
Date: November 15, 2012 02:11PM
George Allen Strategies will hire people to tie nooses and prepare crosses to be burned, some may even find work cutting eyeholes in sheets.
Re: Bain Capital closes another business, firing Va workers
Posted by:
Hank. Moody
()
Date: November 15, 2012 02:56PM
SoylentGreen Wrote:
-------------------------------------------------------
> Making money after all is the business Bain is in.
Well, I'm in the people business, and companies that fire people are basically holding this country hostage.
Let's get real here.
We need a pay scale. An actual agreed upon pay scale that these motherfuckers stick to.
Hopefully, Obama will address this on going problem.
-------------------------------------------------------
> Making money after all is the business Bain is in.
Well, I'm in the people business, and companies that fire people are basically holding this country hostage.
Let's get real here.
We need a pay scale. An actual agreed upon pay scale that these motherfuckers stick to.
Hopefully, Obama will address this on going problem.
Re: Bain Capital closes another business, firing Va workers
Posted by:
SoylentGreen
()
Date: November 15, 2012 09:21PM
Hank. Moody Wrote:
-------------------------------------------------------
> SoylentGreen Wrote:
> --------------------------------------------------
> -----
>
> > Making money after all is the business Bain is
> in.
>
> Well, I'm in the people business, and companies
> that fire people are basically holding this
> country hostage.
>
> Let's get real here.
>
> We need a pay scale. An actual agreed upon pay
> scale that these motherfuckers stick to.
>
> Hopefully, Obama will address this on going
> problem.
Companies such as Bain buy other companies and either turn them around and make money, or shut them down and liquidate holdings and make money, right?
If those companies are not worth fixing, what do you think would happen to all those employees if Bain hadn't been involved?
Wouldn't they get laid off all the same?
-------------------------------------------------------
> SoylentGreen Wrote:
> --------------------------------------------------
> -----
>
> > Making money after all is the business Bain is
> in.
>
> Well, I'm in the people business, and companies
> that fire people are basically holding this
> country hostage.
>
> Let's get real here.
>
> We need a pay scale. An actual agreed upon pay
> scale that these motherfuckers stick to.
>
> Hopefully, Obama will address this on going
> problem.
Companies such as Bain buy other companies and either turn them around and make money, or shut them down and liquidate holdings and make money, right?
If those companies are not worth fixing, what do you think would happen to all those employees if Bain hadn't been involved?
Wouldn't they get laid off all the same?
Re: Bain Capital closes another business, firing Va workers
Posted by:
Hank Moody
()
Date: November 15, 2012 09:21PM
Hank. Moody Wrote:
-------------------------------------------------------
> SoylentGreen Wrote:
> --------------------------------------------------
> -----
>
> > Making money after all is the business Bain is
> in.
>
> Well, I'm in the people business, and companies
> that fire people are basically holding this
> country hostage.
>
> Let's get real here.
>
> We need a pay scale. An actual agreed upon pay
> scale that these motherfuckers stick to.
>
> Hopefully, Obama will address this on going
> problem.
I've been imitated! Woohoo!
-------------------------------------------------------
> SoylentGreen Wrote:
> --------------------------------------------------
> -----
>
> > Making money after all is the business Bain is
> in.
>
> Well, I'm in the people business, and companies
> that fire people are basically holding this
> country hostage.
>
> Let's get real here.
>
> We need a pay scale. An actual agreed upon pay
> scale that these motherfuckers stick to.
>
> Hopefully, Obama will address this on going
> problem.
I've been imitated! Woohoo!