Bain reneges on benefits, pensions, investigation uncovers human cost
PRWeb, October 5, 2012
In early 2012, reports began to surface about Bain Capital’s acquisition and handling of GS Industries, a steel manufacturer operating out Kansas City, MO. Pulitzer Prize-winning investigative journalist Gary Cohn, in partnership with the Mesothelioma Cancer Alliance (MCA), digs deeper into a truly harrowing story involving Republican Presidential hopeful Mitt Romney, Bain Capital and the human casualties of the private equity profit model.
In his vivid and comprehensive report, Cohn outlines how Romney's then-controlled Bain Capital acquired Kansas City based GS Industries, a steel company, promising worried workers that their pensions and health insurance would remain intact, regardless of company's future and status. In 2001, Bain changed its mind. Pensions were cut. Health coverage for the plants 750 workers, many of whom had begun showing signs of asbestos-related disease from decades of service to the mill, was also no longer their responsibility. They were on their own.
This eye-opening and compelling report outlines how Mitt Romney's Bain Capital systematically dismantled hardworking American lives while toeing the line between morality and profit.
For the full story, including disturbing testimonies of the plant's workers and their families, visit "A Promise Not Kept: Profits Over People".
About Gary Cohn As a Pulitzer Prize-winning investigative journalist, Gary Cohn has covered the CIA's covert war in Honduras and the challenges facing AIDS patients in accessing life-saving drugs. In addition to writing for the Mesothelioma Cancer Alliance (MCA), Cohn is an Adjunct Professor of Journalism at the University of Southern California Annenburg School of Journalism and works with non-profit journalism organizations. For more information Gary Cohn, visit his Facebook page, Twitter feed or Google+ profile.
About Mesothelioma Cancer Alliance - The Mesothelioma Cancer Alliance (MCA) at Mesothelioma.com is the web's most trusted information resource for individuals who have been diagnosed with mesothelioma and their families. Our mission, as a leading authority on this topic, is to continually provide relevant, timely, and factual information about asbestos exposure and its causal links to mesothelioma cancer. For more information, visit the MCA's website or on Facebook.