Bain’s ‘Creative Destruction’ Destroys Lives
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Aug. 13 (Bloomberg) -- Is there any fairness in a systemwhere a group of people can borrow a bunch of money to buy acompany and pay themselves millions of dollars in dividends andfees, while the company itself ends up bankrupt and itsemployees lose their jobs, health insurance and pensions?
Can you imagine the owners then being celebrated in fancysociety while the unfortunate workers are left to fend forthemselves as the collateral damage of the system?