Tuesday, January 31, 2012

Hedge Fund Hits Workers, Wausau-Region With Right Jab

The New York hedge fund that helped force for its upper-income investors the closure of Wausau Paper's historic mill in Brokaw at the cost of 450 jobs reports the $21 million deal is done, but wants even more profit through asset sales in this episode of destructive capitalism by the 1% - - from afar.

Interesting, isn't it, that the hedge fund is named Starboard, the nautical term for the right side.

And it is eye-balling targets far bigger than Wausau Paper.

Props to the Wausau Herald for its earlier coverage, cited here.

1 comment:

Anonymous said...

Wausau Papers in Rhinelander and Mosinee are next. It's only a matter of time.