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OnyxCollie

(9,958 posts)

10. Yep.

Reply to hedgehog (Original post)

Tue Jan 10, 2012, 05:03 PM

Jan 2012

Last edited Tue Jan 10, 2012, 07:46 PM - Edit history (2)

From Clear Channel Communications, before the Bain Capital acquisition.

Edit to add: This happened in 1999, as a result of Clinton's signing the Telecommunications Deregulation Act into effect, which allowed CC to go hog wild and buy a shitload of radio stations.

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45 replies

= new reply since forum marked as read

Highlight:

Have you or a family member ever lost a job due to a corporate buy-out? [View all] hedgehog Jan 2012 OP

Yup, eventually. Brickbat Jan 2012 #1

Yes TheCowsCameHome Jan 2012 #2

yes n/t NMDemDist2 Jan 2012 #3

Yes MrCoffee Jan 2012 #4

Yes my2sense Jan 2012 #5

No n/t sledwreck13 Jan 2012 #6

Yes Populist_Prole Jan 2012 #7

Yes, me. Avalux Jan 2012 #8

I worked for a corporation that specialized in it. Laying people off was key to cutting costs... onehandle Jan 2012 #9

Yep. OnyxCollie Jan 2012 #10

sure have madokie Jan 2012 #11

Yep sakabatou Jan 2012 #12

Oh Yeah sharp_stick Jan 2012 #13

Yes, I did once... YvonneCa Jan 2012 #14

Yes--I have a relative who got shafted by a European corporation taking over an American concern. nt MADem Jan 2012 #15

Yes Solly Mack Jan 2012 #16

Yes (nt) bigwillq Jan 2012 #17

yes nt pkz Jan 2012 #18

Not bought out but downsized. Repeatedly. supernova Jan 2012 #19

Not once,but twice. Wellstone ruled Jan 2012 #20

Yup. My thriving employer was bought out by a multi-national Speck Tater Jan 2012 #21

Sort of - Bain Capital merged two companies, including one my husband karynnj Jan 2012 #22

Yes, and a close friend to a family lost his job when Carly Fiorina fired folks! Liberal_Stalwart71 Jan 2012 #23

I resigned because of a corporate buy out. Wasn't fired. But, Lint Head Jan 2012 #24

Me too HeiressofBickworth Jan 2012 #34

The same thing happened with my situation. Lint Head Jan 2012 #37

Yup. My sister. NT Simo 1939_1940 Jan 2012 #25

Yup. silverweb Jan 2012 #26

Yes - bought-out,downsized,right-sized,re-orged,merged,moved,off-shored,outsourced; InkAddict Jan 2012 #27

Does refusing to move after a buy out count? hootinholler Jan 2012 #28

Yes. There is even a book and a movie about it. HubertHeaver Jan 2012 #29

Now you have to give us some titles! hedgehog Jan 2012 #31

Barbarians at the Gates or something close. It was about the RJ Reynolds leveraged buyout in the HubertHeaver Jan 2012 #44

Thank you for explaining what high finance hedgehog Jan 2012 #45

Yes. SharonAnn Jan 2012 #30

My dad worked for a family owned company that made conveyor belts and hose hedgehog Jan 2012 #32

Twice. n/t MadrasT Jan 2012 #33

yes. my dad n/t RainDog Jan 2012 #35

Yes, she was a computer networker and they let her network the new owners in and then fired her. jwirr Jan 2012 #36

i think my brother did barbtries Jan 2012 #38

Yep progressoid Jan 2012 #39

Yes - indirectly TBF Jan 2012 #40

No n/t tammywammy Jan 2012 #41

Yes, my father. n/t davepdx Jan 2012 #42

Indirectly, yes lapislzi Jan 2012 #43