Comment Re:Sounds like a Romney Style Buyout / Shakedown (Score 1) 59
That's the game. You are "freeing" the rank and file employees to play on a level field with all the other companies... Right after the investors and managers get THEIR CASH OUT. Essentially, these deals borrow money against existing paid-off capital to payoff investors to reduce the number to qualify as a private company again. So you are trying to pay people extra money to cash out and leave now.
Even the bankers are in on it, because the employees are saddled with higher interest rates on everything, even things the old boss paid cash for. That's where the cry for "work ethics" kicks in for workers to "do what it takes" to keep their jobs. And how Unions become the big bad guys.. Because they are working for cash at WORK TIME for the new managers when the old owners cleared out the cash long before. This is what killed Twinkies.