Manischewitz Bought By Romney’s Old Crew
…for $20 million.” The whole thing demonstrates a kind of evil genius in a number of ways. First, because the $40 million that you’ve pocketed is actually money that you borrowed to buy the company. Second, meanwhile you’re charging the company millions of dollars in “management fees” (hence, I’m guessing, Sarkaty “Advisors”). And third, because ultimately it doesn’t matter if the company makes money, loses money or even goes bankrupt—you make you…
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