Benevolent Billionaires Should Buy Out Bushmaster
“Business moguls who favor stricter gun-control laws — among them Bloomberg LP founder and New York City Mayor Michael Bloomberg, financier George Soros and entertainment honcho David Geffen – are in the unique position of being able to put their money where their mouths are, and with a single bold move can change the raging gun debate in a way that intransigent politicians cannot.
These well-intentioned billionaires (and others) should buy Freedom Group Inc., the world’s largest gun manufacturer, from Cerberus Capital Management LP, which has put it up for sale, and literally liquidate it.
The company’s existing stockpile of guns — it has some $200 million in inventory according to the latest quarterly report – can be melted down and turned into plowshares…”
Tags: Bold Move, Cerberus Capital Management Lp, Stricter Gun Control, Business Moguls, Cerberus Capital Management