A Living Legend Born In May 1995 – Happy Birthday T-Shirt

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A company does well like Diaper.com, Amazon makes “Amazon mommy” or whatever and takes a multimillion dollar loss to put them out of business because they didn’t want to merge. It’s even worse than that. They work with investment entities like Bain capital to acquire legitimate businesses, make leadership changes under the A Living Legend Born In May 1995 – Happy Birthday T-Shirt and I love this guise of new management to “turn it around,” who promptly give themselves huge bonuses, sell off assets, run up debts and drive the company into the ground. What doesn’t make sense about that thread to me is how does Bain keep getting money to perform these LBOs. Do the bankers just not care because they get their origination fee and will be gone by the time it alll blows up? You’re skipping the part where the banker is a buddy of your dad’s friend or you both went to Harvard in the same frat or similar connections. The rich help the rich get richer, not us filthy poors

A Living Legend Born In May 1995 – Happy Birthday T-Shirt, hoodie, tank top, sweater and long sleeve t-shirt

I’ll give you an example of Bains bankrupting of Toys R Us. It’s actually worse than just the A Living Legend Born In May 1995 – Happy Birthday T-Shirt and I love this origination fees. They transferred all properties and capital assets that toys R us owned to another Bain subsidiary at significantly more than what the properties were worth and leased all of this new stuff back to toys r us at prices they couldn’t afford. Mind you there are tax loopholes that allow the transferring of properties to subsidiaries at next to no costs, but it’s completely legal to lease these properties back to create artificial debts for the purpose of creating artificial losses. They forced Toys R Us into bankruptcy which allows them to do some pretty wild financial restructuring to extract cash from every aspect of the company so they could to pay these debts to Bain. This included cutting all wages, withdrawing investments with significantly less tax penalties etc. Eventually they had to fold because the money just runs out, and by that point the supply chain for them was gutted as well so the stores weren’t even good anymore anyways.

1. Length is measured from the highest point on the collar down to the bottom hem. 2. Width is measured across the body of the shirt under the armpits, one way. 3. Sleeves are measured from center back to hem.