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Joined 2 years ago
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Cake day: June 17th, 2023

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  • My best friend at work is a dyed-in-the-wool conservative. He will never not be - and I rush to profess that he is not an asshole…he just thinks conservitave/republican is the side he needs to support probably because that’s what daddy did, dunno. We see eye-eye on most other things.

    We do not agree on anything political except that everyone is way too heated up over everything. We are still friends, regardless.

    My point in responding is that his gay daughter disconnected from him after Trump v.1 - would not take a call or interact in any way. This is painful for my friend and he has been confused by it but does not realize why his daughter won’t engage. I think she is offended that his political choice doesn’t allow for her right to exist and, frankly I agree with her.

    I think my friend has lost his daughter forever because he is a stubborn man. I hope your dad can open his heart to accept you.








  • Private equity used to buy distressed firms then build value to sell. The new norm is buy anything and suck it dry then let it fold in on itself and take the money elsewhere.

    For example, the firm that bought Red Lobster leveraged everything their brand had to sell (cheddar bay biscuits in the grocery store). The individual stores which sat on company-owned land had their budgets re-configured to “pay rent” to the overlord which now owns everything including the land.

    The costs of advertising and company image maintenance were passed down to the stores as fixed costs that local managers had to account for in their budgets without impacting the owners of the name.

    No surprise that very few locations can turn a profit in that environment but the leeches at the top aren’t hurt by store closings.

    Private equity acquisition today is simply buying something of value to slurp it’s blood then discard the husk.