Posted on 01/12/2012 2:54:18 AM PST by John Valentine
http://www.kingofbain.com/
(4) According to a Schedule 13G filed on February 14, 2000, the sole general partner of Information Partners Capital Fund, L.P. is Information Partners. The general partners of Information Partners that have a beneficial interest in the shares listed in the table above are David Dominik, a former director of the Company, Mark Nunnelly, Stephen G. Pagliuca, and Bain Capital Partners IV, L.P., whose general page 5
partner is a corporation wholly-owned by W. Mitt Romney.
The following is an excerpt from a S-1 SEC Filing, filed by NETLIBRARY INC on 8/17/2000.
(o) Includes 527,129 shares held by Bain Capital Fund VI, L.P., whose sole general partner is Bain Capital Partners VI, L.P., whose sole general partner is Bain Capital Investors VI, Inc., a Delaware corporation wholly owned by W. Mitt Romney; 115,138 shares held by BCIP Associates II, a Delaware general partnership of which the managing general partner is Bain Capital, Inc., which is wholly owned by W. Mitt Romney; 16,645 shares held by BCIP Associates II-B, a Delaware general partnership of which the managing general partner is Bain Capital, Inc., which is wholly owned by W. Mitt Romney;
hardly Sandy...it's closed the gap in South Carolina and the only folks howling about it are fellow travelers, those Romney has promised something to and beltway GOP and talkies who either share his social liberalism or want to keep access in case he does get elected
Romney is a pro gay, pro gun control, pro taxation in Mass, pro Romneycare and worst of all pro abortion
you and fellow traveler Beck can cling to some wacky notion he is actually conservative but he is not
as for Bain...let him defend his claim he created 100,000 jobs or that what he did at times was just a-ok as "capitalism"
I am a capitalist...I own and owe for businesses in the low 8 figures range which I think qualifies me as a capitalist and in this economy I can promise you that the range between owe and own ain't what it used to be
but sometimes LBOS and raiding pension funds do not...I repeat DO NOT...fall under the protection of capitalism per se instead they are sometimes crony capitalism or as Milton Friedman pointed out...instances where govt helps just pals in business
I have been a part of small LBOs...which is part of Bain's area of operation...those exist frequently to enrich the folks doing the transaction and existing top executives leveraging the buyout for themselves...stockholders and debt holders are secondary...by a long shot...Rush's excuse of this the past two days was nothing short of appalling
read Barbarians at the Gate...that is not pure capitalism....
nor was TARP...something Romney swears by
it is possible to critique his business claims without being anti Capitalist...nice attempted deflection by his buddies at FOX and in the GOP but South Carolinians look to be getting wiser
no one in the GOP pwer structure or FOX or Beck said jack diddly when Mitt's millions were scathing Newt with broad claims in Iowa.. now Newt has some cash...and it's payback...tuff
Mitt Romney is not a conservative but appeals to social libs who call themselves conservative but who only give a damn about lower taxes and a hawkish foreign policy
Hoodat, here’s what I have found, but incomplete and a bit ambiguous. As you might imagine there is not one monolithic company called Raytheon. There are or were a number of distinct entities in which Raytheon had an interest, and which carried the Raytheon name. One of these was Raytheon Commercial Laundry. I have some evidence that Bain was an investor in this entity, but I have yet to confirm this with substantial authority. I do know that at some point RCL insiders along with Bain Capital formed Alliance Laundry Systems, and it was at this point that the serious asset mining commenced. I need to confirm just exactly when Raytheon and Bain hooked up.
What is the connection between Onesource Information Services and GST Steel?
What is the connection
The date and Romney was still working at Bain. I am NOT searching hundreds of docs for you. NOTHING will EVER be good enough for you. Because you DON'T want to accept truth.
Goodnight.
Your document says no such thing.
Great post. You sure covered my complaints for the day.
I am going to hang in, but the games are making me sick.
9 more days and we should have a much better idea as to how this is all going to end.
There's a load of the same kind of idiots on FR.
I have to agree that I’ve been very disappointed in Rush, and others in this debate.
Did you know that, no matter what Romney does, his primary source of income is Bain Capital? It was in his retirement agreement.
BTW, there are few here who know what a PE/VC firm TRIED to do to my husband’s company. What they dared to do was illegal and immoral.
What Bain did in buying shares of a company, increasing their profits to the point where they could borrow way more money that they should have, and then give the borrowed money to Bain as a dividend, may not have been illegal.
However, it was very immoral in that several of the companies had to shut down, costing many jobs.
They did this several times over while Romney was there.
Leveraged Buy Out...term of the 80s/90s decade.
Bless your heart...you are such a nice person, and I give you kudos and understanding of your support for Romney.
But, the only person this is backfiring on is Romney.
God bless...
Reuters reports in "Special report: Romney's steel skeleton in the Bain closet" that Romney's Bain Capital took a $44 million government bailout in 2002 from the federal U.S. Pension Benefit Guaranty Corp after they determined that Bain had underfunded its steel mill's pension by $44 million. Workers were denied the severance pay and health insurance they’d been promised, and their pension benefits were cut by as much as $400 a month. Nevertheless, Bain profited on the deal, receiving $12 million on its $8 million initial investment and at least $4.5 million in consulting fees.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.