Sunday, April 29, 2012

WE REALLY DON'T NEED MITTENS

This is from an interesting McClatchy article about Mittens the Vulture Capitalist:
In addition to GS Industries, Bain Capital paid $10 million to buy another South Carolina company - Holson Burnes Group, a photo-album maker based in Gaffney. The prospectus shows Bain Capital's partners made more than twice their investment - earning $22.6 million, according to the prospectus - between 1986 and 1992, when Holson Burnes Group went out of business and 150 people lost their jobs.

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