Wednesday, March 26, 2008

The Company Hillary! Keeps

From Wikipedia so you know it may or may not be total BS.

Susie Tompkins Buell, a United States former entrepreneur and a liberal political donor. Buell is often described as Hillary Clinton's best friend.

In 1967, Tompkins Buell and Jane Tise co-founded the Plain Jane clothing label. Tompkin Buell's new husband Douglas Tompkins recommended changing the name to Esprit.
The early sensibility of Esprit was seen as flowing from the personalities and interests of its founders. They were once described as "a pair of San Francisco hippie merchants who sold clothing over a North Beach massage parlor".

Esprit de Corp. was found by the National Labor Relations Board to have illegally interrogated and intimidated $2-an-hour Chinese workers, and then to have shut down a factory to keep them from unionizing. The Department of Labor found that an Esprit contractor doctored payroll records and refused to pay overtime.

Tompkins Buell led a 1990 leveraged buyout that allowed her to gain control of Esprit, and also earned her a profit of about $150 million. The buyout left Esprit deeply in debt. In two years it went into technical default on its outstanding loans and in 1997, Tompkins Buell relinguished all ownership of and involvement in the company to a consortium of investors.

In March 1997, Tompkins Buell sued the new owners of Esprit for $3 million she said they owed her in reimbursement for tax payments

A San Francisco hippie who illegally interrogated and intimidated $2-an-hour Chinese workers, refused to pay overtime, took $150 million in profits resulting in a company deep in debt that lead to a default on its loans and then sued to get someone else to pay her taxes.

Sounds like a democrat to me.

1 comment:

minimum wage said...

I don't find this surprising. Liberal-socialists in business are often the most exploitative.

They exploit others and assume everyone else in business does the same. High taxes serve the purpose of assuaging liberal guilt while simultaneously restricting the ability of their competitors to get ahead of them.