Comment

Obama seeks to undercut Romney's record on jobs

7
alinuxguru5/14/2012 12:42:52 pm PDT

re: #6 Ascher

But they are no more “job destroyers” than the management of Eastman Kodak, which has reduced its workforce in the Rochester, NY area by over 90% over the past 30 years (5,000 job of 60,000 local jobs remain).

The fundamental difference between Kodak and companies acquired by Bain is that Kodak attempted to remain solvent and in business. Bain burdens an organization with debt, extracting out cash and assets in exchange.