this is what American capitalism looks like

In the early 1930's Walter and Olive Ann Beech decided they could build airplanes.  Beechcraft was born, the picture here is a 1943 V17S Staggerwing.  A few years ago the company was spotted by Wallstreet buzzards who know nothing of airplanes but more importantly how to use words like leveraged buy outs and synergy.  This group turned 16,000 US jobs and a fine product line into 4,000 US and 2,500 offshore and bankrupted it.

Today they wait approval for Superior Aircraft, a company owned in China, to buy it for a couple billion (if I remember right) , of which he (the Chinese owner of Superior) will get 1/4 of it back when they sell the military aircraft unit off, which can only sell to a US company.  And now we come to the company retirement fund.  Ka-fucking-put!  It has around 40% of the cash in it that it should.  No sweat, the government has to take it over, not clear yet if those already retired will get what they were told they would, or some reduced amount, but tough shit workers you should have been born rich it's your own fault.  A few days ago the company was granted 1.5 million to distribute to 31 current and former managers as bonus for driving the bus in the ditch so skillfully.  Yesterday they went back and ask for another 5.3 million to bonus up 8 executives for deftly laying off 10,000 people while filling their pockets by the book by the rule while building many dozens of airplanes when they were not selling and, this is the best part, as the company smoked and spun into the mountain they got this red state (who rants about Obama helping Detroit) and city to give them a butt load of millions of tax payers dollars and freebee tax deals on the property for years to come.

So, the moral of the story is, Bain Capital the shit out it, this is what American capitalism looks like.  To you it may look like failure, but this is not a failure in the Wallstreet and oligarch haunts of the world, this is what you do, this is how you make money, this is a success, an opportunity maximized.  I'm sure the court will grant the 5.3 million, after all those guys did everything right, they deserve it, there are thousands of MBA's wishing they could have puffed up their resume with the last Beech crash.

Olive and Walter are long gone, and it seems like they were fools, they wanted to make airplanes, but in the last few years guys that have never held a rivet made more money than they did their whole lives.