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05-23-2012, 04:56 PM
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#30 |
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MVP
Join Date: Oct 2005
Location: lancaster,pa
Age: 64
Posts: 10,672
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Re: Nick Hanauer - Job Creator Myth
maximizing the value of acquired companies and the return to Bain's investors, not job creation, was the firm's fundamental goal
he downsized every company, with the idea of selling in the near future. jobs were a necessary evil, and cutting them was cost effective( at least short term) he basically made a living by firing people
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