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Thread: At Bain Capital-Owned Sensata Technologies, Arrests Ahead Of Layoffs And Plant Closin

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    Taking A Stand!!!

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    Default At Bain Capital-Owned Sensata Technologies, Arrests Ahead Of Layoffs And Plant Closin

    Good ole Romney. But he cares about the middle class!!

    Three people protesting the closure of an Illinois plant run by a Bain Capital-owned company were arrested on Monday after an encounter with a truck driver hauling equipment out of the plant.

    The protesters had been trying to prevent the removal of machinery from a Freeport, Ill. plant for Sensata Technologies, which manufactures electronic sensors for cars and employs nearly 200 people. The firm has been in the national spotlight because it is owned by Bain Capital, the private equity firm that GOP presidential hopeful Mitt Romney helped found, and it is outsourcing the Illinois jobs to China during a presidential campaign that's often been focused on offshoring.
    At Bain Capital-Owned Sensata Technologies, Arrests Ahead Of Layoffs And Plant Closing

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    Default At Bain Capital-Owned Sensata Technologies, Arrests Ahead Of Layoffs And Plant Closin

    To be fair, last I checked, Romney isn't part of Bain anymore.

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    Default Re: At Bain Capital-Owned Sensata Technologies, Arrests Ahead Of Layoffs And Plant Cl

    Quote Originally Posted by The Real Deal View Post
    To be fair, last I checked, Romney isn't part of Bain anymore.
    True, but his investments still are heavily weighted with Bain Capital funds.

    The Globe has previously reported that about one-third of Romney’s IRA is in hedge funds, mainly those run by Bain Capital.
    While the Romneys have numerous investments in Bain private equity funds that invest in companies, such as Dunkin’ Brands and Domino’s Pizza, they also have millions in alternative funds. The documents show some of investments by Bain’s Sankaty Advisors
    The fund, which is both in Romney’s IRA and in his wife’s trust, invests in distressed debt, or in companies and situations where entities have borrowed heavily but still manage to make their payments. As he runs for president, Romney is trumpeting his ability to improve the economy, but the investor letter describes how he and other Sankaty investors are poised to make money even in bad times.

    http://www.boston.com/businessupdate...KVL/story.html

    Good or bad, Romney makes money.
    Do you ?
    2631 likes this.

 

 

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