I wanted to wait until after the election to say what a truly vile organization Bain Capital is. I broke down their model into its basic steps:

  1. Borrow a large amount of money using a small amount of money as collateral
  2. Use that money to buy a 51% stake in a farm
  3. Use your controlling stake to approve paying yourself exorbitant “consulting fees” in the form of all the seed corn
  4. Have the farm expand hiring and spending as if it were undergoing unprecedented growth
  5. Wait for market price to rise
  6. Sell stake in farm for huge profit
  7. Farm fails for lack of seed corn
  8. Blame post-sale management
  9. Profit!

If you are now or ever have been an executive in Bain Capital, you are a truly bad person.