For decades, Simmons Bedding Company, an iconic American business, was a prized holding for top private equity firms. But the mattress maker has fallen into bankruptcy for the first time in its 139 years.
The great American way of doing business! Leveraged buyouts make the leverers rich and the employees and shareholders struggling under crippling debt! Watch out! This can happen to you!
Capitalism is being killed by the capitalists.
But then again Henry Ford was the enemy because he paid his workers enough to buy the product.
We obviously need to be more like China, were the workers can't dream of buying the products they make.
Yeah that is what our economy needs, just ask any good supplysider.
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smgglr 2 years ago 2
The great American way of doing business! Leveraged buyouts make the leverers rich and the employees and shareholders struggling under crippling debt! Watch out! This can happen to you!
dwetick 2 years ago