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Wednesday, September 19, 2012

Mitt Romney's "47 Percent" Supporter Actually Makes Other Corporate Vermin Look Good

Mitt Romney fundraiser

Could another businessman make Ted Rollins look good by comparison? That's a tall chore. Rollins, the CEO of Charlotte-based Campus Crest Communities, engineered a $380-million Wall Street IPO in late 2010, but our reporting reveals him to be a dismal human being.

Rollins pulled off a monstrous cheat job against his ex wife in an Alabama divorce case. He clearly perjured himself on a child-support affidavit, causing his two daughters in Birmingham to wind up on food stamps. Rollins was convicted for assaulting his stepson and investigated for child sexual abuse of the same stepson, both in the 1990s. Published reports indicate Rollins' company builds shoddy student-housing complexes and practices racial and gender discrimination.

How could another corporate titan actually make Ted Rollins look good? Thanks to Mitt Romney, we might have found the guy.

Marc J. Leder is the co-CEO of Sun Capital Partners in Boca Raton, Florida. His $3-million mansion was the site of what has become known as the "47 percent fundraiser," where Romney was caught on tape saying that 47 percent of Americans--those who support President Barack Obama--are "victims" who are "dependent upon government" and "pay no income tax."

Quite a few pundits say the videotaped gaffes pretty much ensure Obama's re-election in November. That, in my view, is far from certain. But the revelations about what Mitt Romney really thinks of mainstream Americans have dominated the news cycle for about 48 hours. And they raise this question: Who in the heck is Marc Leder, the guy who hosted the fundraising event back in May?

In business terminology, Leder is a "private equity guy." In more stark terms, he is a "vulture capitalist"--a guy who swoops in on supposedly struggling companies and sucks money out of them. In some instances, he "rehabilitates" businesses; in others, he helps push them over the cliff. In other words, he does exactly what Mitt Romney did years ago at Bain Capital.

Marc Leder
Leder has developed a specialty in the retail sector, and he has invested in some familiar names, such as Captain D's and Edwin Watts Golf. Here is what we learn about Leder in a profile from yesterday's Orlando Sentinel:

Interviews and public documents paint a picture of the Wharton School graduate and former Lehman Brothers executive as a shrewd businessman with a lavish lifestyle. 
Sun Capital's portfolio includes more than 70 companies, many of which are household names: Boston Market, Smokey Bones, Gerber Childrenswear, Hickory Farms, The Limited, Friendly's. 
The firm specializes in targeting unprofitable or underperforming businesses, with the aim of turning them around, but often involves dismantling companies and selling off assets

Can the process be messy, even hurtful to some? Oh yes, reports the Sentinel:

Friendly's, the family eatery and ice cream parlor, filed for bankruptcy protection in 2011, court records show. 
"Friendly's used the Chapter 11 process to close restaurants, cut jobs and terminate pensions for roughly 6,000 workers and retirees," according to The Wall Street Journal. 
One company that Sun Capital closed, in 2008, was Jevic Transportation, in southern New Jersey. It then filed for bankruptcy. About 1,500 workers were let go. 
"I had a job on Sunday, no job on Monday," said William J. Brown, 57, of Burlington, N.J.

If Leder sounds like a ruthless SOB, that's because he probably is. He also has a taste for a lifestyle that is not exactly "family friendly," by Republican standards.

The Web is filled with reports about "debauched parties"  that Leder hosted at a summer home in Bridgehampton, New York. According to The New York Post, these featured a "nude frolic" in the tycoon's pool. Some have called Leder an "orgy host."

How is Ted Rollins better than Leder? Well, Rollins creates apartment complexes that appear to have some value--as long as you are careful about stepping onto balconies. Leder doesn't appear to create much of anything with value.

Of course, you also could look at it this way: What's an occasional orgy compared to assault of a child and possible child sexual abuse?

On second thought, maybe we need to keep looking for someone who is worse than Ted Rollins.

15 comments:

Anonymous said...

looks like he is into the hair gel that the guy at Raymond James uses.

legalschnauzer said...

Good one. Maybe the financial titans can get the economy on track by selling tons of hair gel.

Anonymous said...

If Ted Rollins runs Campus Crest into the ground, maybe Marc Leder can buy it and suck all of the value out of it.

Would that be a "vampire capitalist"?

legalschnauzer said...

Anon at 10:25--

The notion of Ted Rollins running a company into the ground is not far-fetched. He did it with American Textile Services in North Carolina. Who knows? Leder might find a disabled Campus Crest attractive.

Anonymous said...

I was just thinking about That Auction and you’ve really helped out. Thanks!

Anonymous said...

Isn't it interesting that Mr. Leder "saves" middle-of-the road retailers that cater largely to the 47 percent? And he supports a presidential candidate who insults that clientele. Talk about arrogance--and stupidity.

I eat at Captain D's regularly. Wonder when Mitt Romney last ate there.

Who does Leder think eats at places like Captain D's?

Anonymous said...

"... So, you are saying to get good news on the US you have to… Go to the other side of the world ...."

"... Alexis De Tocqueville once said: “I know of no country in which there is so little independence of mind and real freedom of discussion as in America” .. Republican presidential candidate Mitt Romney, in his acceptance speech, did not say a word about the war in Afghanistan, as if it were a non-event, although the US still has about 90,000 troops in that country and over 2,000 Americans have died fighting a totally unjustified war....

[see globalresarch dot ca for two stories the quotes are from]

"Elect" a US President? Unheard of for no less than four to five decades. Eisenhower not only warned about the military industrial complex, he did the best job possible in cementing this mess of "Republican Crazies Under The Stairs."

One function button? Yes, we can change this insane energy and it takes enough "paper" to bury the "justices," think letter writing until the madness stops, or filing as Roger. And, FREE is his genius for others to follow.

Three Rs, "Read-Rite-Rithmatic" and we do have the skills here so let us begin the first step in the "Chase" of words until there are no more liars, cheaters, thieves, and killers heading the tribal ghetto global gang warfare.

/rk

Hair gel is not going to stop the criminals, the cannibals in reality, from being monsters.

It is scientifically a fact, once humans actually ["Bath Salts!"]
taste the blood of humans, there is as the natives say, "madness."

Anonymous said...

"... Alabama (9 votes) ..

.. Like Mississippi, there should be little drama in neighboring Alabama during the 2012 presidential election. The Cotton State is solidly red and is expected to vote as such. The general anti-Obama mood bodes well for the GOP in Alabama ....

continue at The Voice of Russia,

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How about this 60 minute venue, too?

/rk

Ray Ray said...

I keep waiting to find out who recorded this. Was it a Republican with a conscious, who was sickened by what Romney was saying?

Nah, couldn't have been that. Dems must have had a plant.

Anonymous said...

I definitely would rank child abuse as much worse than hosting orgies for adults. In my book, Ted Rollins is a bigger sleaze than Mitt Romney's friend.

Anonymous said...

Dr. Daniel Eskibel: Expert in political psychology from Uruguay, 'Reptilian-brained' politics

http://english.ruvr.ru/

"Political Ponerology" in Poland, students of "psych," were able first hand to record the real "historical butchery sold as 'modern.'" Afghanistan is clearly now, not just Russia's choice to be a "hard landing."

/rk

Anonymous said...

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Jeffrey Smith
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/rk

jeffrey spruill said...

What is it with these elite CRIMINALS?

http://www.huffingtonpost.com/2012/09/18/keith-olbermann-mitt-romney-special-comment_n_1893479.html

e.a.f. said...

I would suggest we waste no time deciding whether Leder or Rollins are worse. They are both terrible, just in different ways.

What is of interest to me, is why would an alledgedly good Morman be doing hanging out with some shit bag who throws something like sex orgy parties? I wonder what Ann Romney thinks about that? Or perhaps she doesn't think.

That Romney hangs out with guys like leder, is enough for me to say I wouldn't vote for the guy, no way, no how. You lie down with dogs, you get up with fleas

You are known by the company you keep.

Anonymous said...

Hysterical. Thank you so much, Jeffrey Spruill, at least I must openly admit, Keith and I, were on the same frequency 'Q' to LOL.

OMG, I laughed with him and true, we are there, hysteria.

Tx again, /rk

Guess another hysteria, AMERICA, not named this, but another, was Libya from Africa, and this gets very interesting as to our "true" lineage heritage! more con't