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rhinosoros's profile
Dwight Rhinosoros
Dwight Rhinosoros
Dwight Rhinosoros
@rhinosoros

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Dwight Rhinosoros

@rhinosoros

@eattherichpod

patreon.com/EatTheRich
Joined September 2017

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    1. Dwight Rhinosoros‏ @rhinosoros 6 Jan 2020

      This does not make sense at all. The first and second largest American milk producers have filed for bankruptcy in the last two months. @deanfoods and @BordenDairy. This may end up being a thread.https://www.cnn.com/2020/01/06/business/borden-dairy-bankruptcy/index.html …

      100 replies 2,294 retweets 4,062 likes
      Show this thread
    2. Dwight Rhinosoros‏ @rhinosoros 6 Jan 2020

      In the case of Borden Dairy, they have 3,300 employees. The company says it can't afford it's debt nor it's pension obligations. Filing for bankruptcy is a way to negotiate using the courts in order not to pay those pensions.

      14 replies 197 retweets 1,017 likes
      Show this thread
    3. Dwight Rhinosoros‏ @rhinosoros 6 Jan 2020

      They say that it's due to a drop in milk consumption and some are even saying that milk alternatives are to blame. But there has only been a 6% drop in overall milk consumption since 2015. That's just over 1% per year? Please. That's not the reason.

      3 replies 154 retweets 1,358 likes
      Show this thread
    4. Dwight Rhinosoros‏ @rhinosoros 6 Jan 2020

      Moreover, they posted a net loss of $42.4m in 2019. With around $1.2 BILLION in revenue, that's a mere 3.5% loss. Compared to publicly traded companies like Uber and Snapchat that is NOTHING compared to the cash they're burning through every year. So what's going on?

      7 replies 124 retweets 1,174 likes
      Show this thread
    5. Dwight Rhinosoros‏ @rhinosoros 6 Jan 2020

      What's buried in the last paragraph is that Borden was bought by private equity firm @KKR_Co in 1995. But let's remember something else that's going on right now. Investors are trying to jettison liability and hoard cash to weather the likely impending recession.pic.twitter.com/dMD7mS0mVk

      18 replies 478 retweets 1,822 likes
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    6. Dwight Rhinosoros‏ @rhinosoros 6 Jan 2020

      Let's think back to those 3,300 American workers that are at the mercy now of the Capital-friendly bankruptcy courts and the pensions they've been cultivating for their entire lives, dedicated to their employer.

      6 replies 167 retweets 1,253 likes
      Show this thread
    7. Dwight Rhinosoros‏ @rhinosoros 6 Jan 2020

      The owners and partners of @KKR_Co are billionaires and they're throwing these workers into the American hellscape of austerity just so they can remain UNSPENDABLY wealthy through this recession.

      5 replies 348 retweets 1,739 likes
      Show this thread
    8. Dwight Rhinosoros‏ @rhinosoros 6 Jan 2020

      They were also owners of Toys R Us before their complete liquidation in 2017-2018. Back then they blamed Amazon and Walmart, which the corporate media of course unblinkingly published.

      6 replies 238 retweets 1,409 likes
      Show this thread
    9. Dwight Rhinosoros‏ @rhinosoros 6 Jan 2020

      Of course founder and billionaire worth $5.8 billion, Henry Kravis, donated no less than $1 million to Trump's "inauguration" fund.

      3 replies 132 retweets 1,120 likes
      Show this thread
      Dwight Rhinosoros‏ @rhinosoros 6 Jan 2020

      The bottom line is, this is just a battle in the war between Capital and Labor. Capital will ALWAYS use employees as cannon fodder as they run naked and dazed through the forest fire of our economy. They will remain unimaginably wealthy before during and after this recession.

      10:18 AM - 6 Jan 2020
      • 534 Retweets
      • 2,448 Likes
      • Katarina ✨💕 (she/her) ALTON☭ 1-800-BUNNYGRL 🐇 I, GRUNDLE, WILL KNOCK YOU ALL DOWN! kieran ඞ 🏳️‍⚧️ The Bass Pro Shop Pyramid Respecter Kriemhild cactus Strat
      24 replies 534 retweets 2,448 likes
        1. New conversation
        2. SIFF Capital‏ @SIFFCapitalMgmt 6 Jan 2020
          Replying to @rhinosoros

          Is this type of abuse captured in the criteria applied to "ESG-friendly" portfolios? To what extent does ESG, as currently practiced, hold investors accountable for ethically questionable transactions or financing structures where labor interests are clearly shortchanged?

          3 replies 0 retweets 3 likes
        3. SIFF Capital‏ @SIFFCapitalMgmt 6 Jan 2020
          Replying to @SIFFCapitalMgmt @rhinosoros

          Are the activities of private companies owned by KKR even under any scrutiny by so-called ESG investors? Purely private companies always get a full pass, Cargill comes to mind, but even in the case of listed PE companies like KKR, the ESG frameworks don't seem to apply.

          0 replies 0 retweets 0 likes
        4. End of conversation
        1. This Tweet is unavailable.
        2. Dwight Rhinosoros‏ @rhinosoros 6 Jan 2020
          Replying to @tony_congo

          Lol

          0 replies 0 retweets 12 likes
        3. End of conversation
        1. New conversation
        2. Jack‏ @jack54hgy 6 Jan 2020
          Replying to @rhinosoros

          Our local still mill just went through the same process.

          1 reply 0 retweets 1 like
        3. Eric Mathiasen‏ @emathiasen 7 Jan 2020
          Replying to @jack54hgy @rhinosoros

          You live near a mill that makes stills? Get that sour mash going! ;-)

          0 replies 0 retweets 0 likes
        4. End of conversation
        1. New conversation
        2. Polychromatic‏ @nomadengineer 6 Jan 2020
          Replying to @rhinosoros

          Man, fucking KKR. I remember them from the 80's. Still around and still terrible, I see.

          1 reply 0 retweets 2 likes
        3. Dwight Rhinosoros‏ @rhinosoros 6 Jan 2020
          Replying to @nomadengineer

          Richer than ever.

          0 replies 0 retweets 0 likes
        4. End of conversation
        1. Drakkon‏ @WarmasterPalak 6 Jan 2020
          Replying to @rhinosoros

          Wealth not being spent is worthless.

          0 replies 0 retweets 1 like
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        1. New conversation
        2. Jonathan Pryor‏ @jonpryor 6 Jan 2020
          Replying to @rhinosoros

          @threadreaderapp please unroll

          1 reply 0 retweets 0 likes
        3. Thread Reader App‏ @threadreaderapp 6 Jan 2020
          Replying to @jonpryor

          Hello, the unroll you asked for: Thread by @rhinosoros: This does not make sense at all. The first and second largest American milk producers have filed… https://threadreaderapp.com/thread/1214246027127119872.html …. Share this if you think it's interesting. 🤖

          1 reply 4 retweets 2 likes
        4. Show replies

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