|Mark Henson - Two Worlds|
One of the business models however, involves buying companies to steal their pensions and real
This venture involves a company founded in 1931 called Marsh Supermarkets which including it's convenience stores numbered in the hundreds. Enter in Sun Capital inspired by Mitt Romney's old outfit Bain Capital. It is my belief that if allowed, unregulated capitalism would eat itself and die. But that's just my observation. Below are some excerpts from the story at The Washington Post.
For Sun Capital, this process of buying companies, seeking profits and leaving pensions unpaid is a familiar one. Over the past 10 years, it has taken five companies into bankruptcy while leaving behind debts of about $280 million owed to employee pensions.
Another excerpt below from: firstname.lastname@example.org
Since bankruptcy law changed in 1978, Gotbaum said, “the business community has been inventing new uses of the bankruptcy courts. The private-equity community realized they could use Chapter 11 to do pension laundering.”