MaggieD
DP Veteran
- Joined
- Jul 9, 2010
- Messages
- 43,244
- Reaction score
- 44,664
- Location
- Chicago Area
- Gender
- Female
- Political Leaning
- Moderate
This is overly simplistic. First, they could not give themselves raises WITHOUT APPROVAL FROM THE BANKRUPTCY COURT! Secondly, how would the company assure that management would STAY employed without some enticement? Considering that the ongoing operation required capital infusion what would motivate these PE firms to invest without some form of stable management in place? Or is it you opinion that a 'ship can captain its self'? I'm sure the PE firms would be comfortable with that...
Of course. It is useless to argue with people who have this mindset. Big Business = Bad.