"How Mitt Romney's Firm Tried — And Failed — To Build A Paper Empire" [View all]

[FSogol]

From NPR's Zoe Chace

http://wamu.org/programs/morning_edition/12/02/22/how_mitt_romneys_firm_tried_and_failed_to_build_a_paper_empire

"The story of how Bain Capital tried — and failed — to build a paper empire starts with an ordinary legal pad. Yellow-lined paper, wide margins. The most innocuous looking thing in the world. The company that makes it has been around for more than 100 years. Its name is as boring as its product: American Pad and Paper. Ampad for short."

SNIP

"Jerry Rayburn, who worked on the factory floor at SCM, remembers the day when Bain took over.

"We knew something was going on when, toward the end of the day, we saw all the security guards starting to surround the plant," he says.

Then employees were told the company had been acquired by Ampad, and they had all been terminated. They were told they were welcome to re-apply for their own jobs."