Is the goal or intent not important anymore if the outcome is always disastrous for the company?
Re:iHeartRadio owner files for bankruptcy
by cptskippy on Thursday March 15, 2018 @01:58PM
(#16595085)
The goal is as much profit in the short term as possible. The intent is to extract profits. The impact, damage, consequences, whatever are not factored into the equation.
They aren't trying to bankrupt companies, they are aware that what they're doing is harmful, and they don't care if their short term actions do bankrupt the companies in the long run.
It's like a kid throwing rocks at cars. They aren't trying to cause an accident or injury anyone but their actions can only lead to bad things.
That problem is not necessarily what Bain does, it's that they don't care about how it impacts others. That's pretty much the problem with society today. They're like vampires extracting the wealth from these companies and leaving them by the side of the road. At the end of the day the profit at the expense of everyone else.
They don't care about long term. You could argue that they're setting up the companies for failure but that's not their intent. They do however have complete disregard for anything but making a profit.
One thing they like to do is sell off holdings and pocket the money. This hurts the company long term as it can't use those assets as collateral. An example of this is selling off store front property and then renting it back from the new owner.