Mitt’s ‘Harvest’ Comments: Typical MBA-Speak … or an Omen of Alien Invasion? | OurFuture.org

What does it mean for society when investors increasingly seek to “harvest” a company for a profitable sale? We looked into Bain’s impact on the health economy in more detail in “Sick Money.”

Here’s how it works: Target companies are fattened up like sacrificial animals on a diet of debt, much of which goes to pay the exorbitant fees charged by companies like Bain. That put intense pressure on their management to pump up short-term earnings by any means necessary. Jobs are lost. Companies go bankrupt. The harvest continues.

via Mitt’s ‘Harvest’ Comments: Typical MBA-Speak … or an Omen of Alien Invasion? | OurFuture.org.

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