Posted on 09/03/2012 6:50:57 PM PDT by Justaham
Democrats plan to have Bain Capital employees make the case against Mitt Romney at their convention in Charlotte.
Senior Obama campaign officials confirmed to Fox News that at least two people who worked at Bain Capital -- Romney's former private equity firm -- will speak at the Democratic National Convention this week.
The bold move comes after Democrats have spent millions of campaign dollars on ads shedding light on companies that folded after Bain takeovers. While the campaign is not revealing who will be speaking or when they'll be addressing the convention, one thing is clear -- it will not be favorable to Romney.
A knowledgeable source told Fox News that possible speakers could include Steve Pagliuca -- managing partner at Bain Capital, considered the unofficial head of the firm. Pagliuca is a co-owner of the Boston Celtics who ran for the Massachusetts Senate seat formerly held by the late Ted Kennedy and lost in the Democratic primary to Martha Coakley in 2010.
(Excerpt) Read more at foxnews.com ...
End of Story!! Sorry!
They can’t let this stuff go, can they?
Just a stupid thought here. It seems to me Romney could put the whole rich man thing to bed if he did something noble and declared he would only take a Dollar a year in salary as President, no benefits and no retirement.
I’m not on the tack of declaring who does and does not need what but if it were me and I were so successful to have the opportunity to take on such a job in public service it would be just that, in public service. Not expecting anything but costs to be covered and that would be enough.
...that and hopefully he will pay for his own vacations (i.e. not milk taxpayers like Odummer and Moochelle). It would be very good optics...and a stark comparison to the trash currently occupying the WH.
Exactly to the point. A stark contrast to the freeloaders.
These super greedy company officials have figured out that they can sell out themselves for access to taxpayer money and special government waivers and contracts. The dems are cheap dates.
This is personal. Romney/Ryan should reciprocate.
Yeah, poor disgruntled employee that owns the crappy Celtics. I’m so sorry for his plight.
Yeah, poor disgruntled employee that owns the crappy Celtics. I’m so sorry for his plight.
Well, one thing is for sure, Romney’s people will NOT find a disgruntled, former employee from Obama’s past. Guess there are no skeletons in his “never” been a boss or had a real job closet!
http://bostonfinancialguide.com/wp-content/uploads/stevepagliuca_1.jpg
Pagliuca joined Bain Capital in 1989 from Bain & Company where he focused on the information services and healthcare industries and developed Bain & Company’s turnaround practice.
Pagliuca started his career as a senior accountant and international tax specialist at Peat Marwick Mitchell & Company in the Netherlands (Peat Marwick is today KPMG).
Pagliuca, a Democrat who unsuccessfully ran for Senate in 2010, told CNN: “Mitt Romney left Bain Capital in February 1999 to run the Olympics and has had absolutely no involvement with the management or investment activities of the firm or with any of its portfolio companies since the day of his departure.”
In explaining the SEC documents filed in 2000 and 2001, Pagliuca said, “Due to the sudden nature of Mr. Romney’s departure, he remained the sole stockholder for a time while formal ownership was being documented and transferred to the group of partners who took over management of the firm in 1999. Accordingly, Mr. Romney was reported in various capacities on SEC filings during this period.”
When he was running for Ted Kennedy’s seat, Bain Capital and “power players” were pointed out as a positive...
Vocation: Managing Director, Bain Capital. Pagliuca began his career as an accountant and then joined Bain & Co. as a management consultant. In 1989, Mitt Romney recruited him to work on private-equity deals at offshoot Bain Capital. Unlike Blackstone Group (Stephen Schwarzman) and Kohlberg Kravis Roberts (Henry Kravis), Bain eschews a star culture. Though more of a true partnership than at other shops, at Bain Pagliuca plays a key leadership role and has emerged as Bain’s public face, with visits to Davos, Switzerland, and CNBC appearances. The firm is known for its high-profile consumer investments, including Staples and Domino’s Pizza. Pagliuca’s current board seats include Burger King, hospital giant HCA, drug maker Warner Chilcott and tech consultancy Gartner Group.
Avocation: Managing Partner, Boston Celtics. In 2003, Pagliuca and venture capitalist Wyc Grousbeck co-led a group of financiers in purchasing the storied basketball franchise. After rough sledding the first few seasons, the Celtics put together a championship season in 2008, its first in 22 years. Pagliuca can be seen at most home games in the front row underneath the basket, where he has entertained financial power players including Goldman Sachs Group’s Lloyd Blankfein and Morgan Stanley’s John Mack.
Steve Pagliuca is rich. Very rich. Two hundred and sixty million dollars to $400 million rich.
How long did it take for the RATS to finally let Nixon rest in peace? Or as they would always say well, "What about Nixon?"
Enron being another.
We go through this crap every election cycle.
Agreed. Of course, the beauty of “Bain” is that it is only one syllable, not four, like Halliburton. The drones can chant “Bain” using so many fewer neurons...but they sure don’t seem to get this notion that their spaghetti-toss-of-the-day strategy ain’t working too well.
This is something I will point out about Romney, and it relates to many folks’ objections that he is not coming out of the gate with both barrels blazing at 0bama, not being aggressive enough.
In a very, very businesslike and calculating fashion, his moves are accruing...building on each other. It’s a total contrast to the one-day-this-one-day-that strategy of 0bama. And I have to say that as a student of business acumen, I sincerely appreciate this ability on Romney’s part. IMO he’s talking a very smart course and building his questionable likeability up from the bottom instead of jeopardizing it by going after 0bama’s head & shoulders. It generates some impatence among Reps, but I believe it is having a cumulative, positive effect and is being very well choreographed.
The crazed DemonRats continue to try to find something to throw at the wall to see if it will stick. Desperation!
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