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Owner59 -> RE: A Real Bain In The Ass (7/11/2012 11:35:09 AM)
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[8|] Maybe you should do your own thinking.....?
"Bain Capital is a leveraged-buyout company, which Romney helped to found in 1984 and ran as C.E.O. until 1999. In 2007, when Romney was first running for President, the Boston Globe published a series of articles entitled “The Making of Mitt Romney.” Part 3, “Reaping Profit in Study, Sweat,” by Robert Gavin and Sacha Pfeiffer, covered Romney’s career at Bain Capital in detail. It went through a number of deals in which the firm had made a lot of money while closing factories, eliminating jobs, using tax-sheltered offshore accounts, and, in some cases, driving the companies it had bought into bankruptcy. “Bain Capital is the model of how to leverage brain power to make money,” Howard Anderson, a professor at M.I.T.’s Sloan School of Management, told the Globe. “They are first rate financial engineers. They will do everything they can to increase the value. The promise (to investors) is to make as much money as possible. You don’t say we’re going to make as much money as possible without going offshore and laying off people.”
Read more http://www.newyorker.com/online/blogs/johncassidy/2012/01/bain-capital-a-users-guide.html#ixzz20LAOY0GJ
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