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2016 Postmortem
In reply to the discussion: Here are the facts about Bain and KB Toys, much worse than 'Vulture' Capitalism [View all]grantcart
(53,061 posts)8. 1) As CEO and co founder he created the culture of Bain
2) He continued as an equity partner and continued to receive profits from Bain
Because the private equity business continued to thrive, this deal brought him millions of dollars in income each year.[57] As a result of his business career, by 2007, Romney and his wife had a net worth of between $190 and $250 million, most of it held in blind trusts.[64] An additional blind trust existed in the name of the Romneys' children and grandchildren that was valued at between $70 and $100 million as of 2007.[65] The couple's net worth remained in the same range as of 2011, and was still held in blind trusts.[66]
3) The actions taken at Bain were well publicized and he has never made any public statements to distance himself from any of their actions. Given the fact that he uses his roll with Bain as a major asset in being able to lead the country because he 'knows how to add jobs' it is not our burden to to draw lines which Bain acquisitions he agrees with but the burden is with him. Until he states publicly that he doesn't agree with Bain then the burden is on him to clarify not for us to excuse. Let Romney hold a press conference and explain what Bain actions he does disagree with.
If he wants to run on the Bain brand then its in his court to say what part of the brand he disagrees with, not us.
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Here are the facts about Bain and KB Toys, much worse than 'Vulture' Capitalism [View all]
grantcart
Jan 2012
OP
This needs to be publicized -- know anyone in political circles at DNC or better yet,
Remember Me
Jan 2012
#6
Your facts are wrong, Romney continued to recieve profits after he left, functioning
grantcart
Jan 2012
#13
Me too. Grantcart really lifted the lid on Mitt's Pandora's Box with this thread.
Major Hogwash
Jan 2012
#35