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Bain Capital was founded in 1984 by Bain & Company partners Mitt Romney, T. Coleman Andrews III, and Eric Kriss. [15] In addition to the three founding partners, the early team included Geoffrey S. Rehnert and others from Bain & Company. [16] Romney initially had the titles of president [17] and managing general partner (or managing partner).
By Lauren Bloom As the 2012 presidential campaign season swings into high gear, we're going to hear a lot about presumptive Republican nominee Mitt Romney's record on job creation. Between his ...
On February 25, 2013, the game show Jeopardy! referenced the meme with a category titled "A Binder Full of Women". The clues were about famous or powerful women. [12] [13] In 2017, a former Romney aide recovered the binders Romney was referring to and gave them to The Boston Globe. The two three-ring binders weighed 15 pounds, 6 ounces, and ...
Romney took a leave of absence from Bain Capital from November 1993 to November 1994 to run for U.S. Senate. [51] [97] During that time, Ampad workers went on strike and asked Romney to intervene. Against the advice of Bain Capital lawyers, Romney met the strikers, but told them he had no position of active authority in the matter. [98] [99]
Queen Elizabeth's personal wealth of approximately $461 million is a fair bit more than Romney's, but the two of them occupy a similar space in the wealth hierarchy: Romney lands somewhere between ...
In 1985 and 1986, Bain & Company took out loans to buy 30 percent of the firm from Bain and other partners for $200 million and used the shares to create an employee stock ownership plan (ESOP). [ 14 ] [ 18 ] These shares of the company were bought at five times Bain & Company's annual revenue, more than double the norm, and cost the firm $25 ...
O. Jermaine Simmons, a well-known pastor based in Tallahassee, Florida, was forced to flee a house naked after a husband came home early to find him in bed with his wife.
Romney's record at Bain Capital and Bain's investments were a prominent issue, with Romney arguing his tenure at Bain demonstrated management and leadership skills that created thousands of jobs. Political opponents have argued that under Romney, some investments at Bain increased investor profits at the expense of middle-class workers who were ...