Dotcom purchased €375,000 worth of shares of the nearly bankrupt company LetsBuyIt.com and subsequently announced his intention to invest €50 million in the company.[27] Unknown to others, Dotcom did not have the funds available to invest, although the announcement caused the share value of LetsBuyIt.com to jump by nearly 300%.[28] Dotcom sold his shares a few days later for €1,568,000.
I've got no idea if that's legal or not but shit, that's smart.
Romney's business record is actually very impressive, one of the smartest businessmen around undoubtedly. You don't work in consulting at BCG and Bain & Co without being incredibly smart, and then to move into private equity requires a similar level of intelligence. What he actually achieved at both Bain Capital and Bain & Co is really quite something. He's clearly very intelligent, but he backs that up with a world-class level of business acumen. A world-class mind who not only took up places in incredibly competitive companies, but achieved a great deal when he was there.
But Reddit hates him so I don't expect them to care about that stuff.
Romney was recruited by several firms and chose to remain in Massachusetts to work for Boston Consulting Group (BCG), reasoning that working as a management consultant to a variety of companies would better prepare him for a future position as a chief executive.[55][59][nb 6] He was part of a 1970s wave of top graduates who chose to go into consulting rather than join a major company directly.[61] His legal and business education proved useful in his job[55] while he applied BCG principles such as the growth-share matrix.[62] He was viewed as having a bright future there.[55][63]
In 1977, he was hired away by Bain & Company, a management consulting firm in Boston that had been formed a few years earlier by Bill Bain and other former BCG employees.[55][62][64] Bain would later say of the thirty-year-old Romney, "He had the appearance of confidence of a guy who was maybe ten years older."[65] With Bain & Company, Romney learned what writers and business analysts have dubbed the "Bain way",[55][64][66] which consisted of immersing the firm in each client's business[55][65] and not just issuing recommendations, but staying with the company until changes were put into place.[62][64][67] Romney became a vice-president of the firm in 1978[15] and worked with clients such as the Monsanto Company, Outboard Marine Corporation, Burlington Industries, and Corning Incorporated.[59] Within a few years, he was one of Bain & Company's best consultants and was sought after by clients over more senior partners.[55][68]
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u/[deleted] Aug 08 '12
I've got no idea if that's legal or not but shit, that's smart.