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To: Tennessee Nana

Not a Romney fan but wasn’t he a CEO of some company that offered something of value?


12 posted on 05/05/2012 7:42:00 PM PDT by tobyhill (Conservatives are proud of themselves, Liberals lie about themselves)
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To: tobyhill
Not a Romney fan but wasn’t he a CEO of some company that offered something of value?

Only if you consider LBOs something of value. They strike me as a perfect example of the zero-sum game the Left characterizes the economy as. Bain always made money, though, no matter how many employees of the target company were let go or if the company went bankrupt or whatever.

From Romney and his supporters you hear more about Bain's early venture capital successes, e.g., Staples (though I heard they only invested about 10% themselves). But Bain seems to have made its big money in "private equity" (LBO's); I don't even know if they kept up any of the venture capital side.

26 posted on 05/06/2012 9:28:56 AM PDT by maryz
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