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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).
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]
Bain Capital was founded in 1984 by Bain & Company partners Mitt Romney, T. Coleman Andrews III, and Eric Kriss, after Bill Bain had offered Romney the chance to head a new venture that would invest in companies and apply Bain's consulting techniques to improve operations. [13]
For example, the report notes, his 2011 income from his Bain Capital holdings netted him somewhere between a relatively modest $720,000 and a stunning $6.26 million.
President Obama has evidently decided to make assailing Bain Capital the centerpiece of his campaign against Mitt Romney, the private equity firm's former chief executive. Now the president just ...
A friend of Mitt Romney since the 1980s, White helped manage Bain Capital at the private equity firm's founding in April 1983. White took a leave of absence from the firm in 1994 to manage Romney's unsuccessful 1994 U.S. Senate campaign. [1] [2] [3] White aided Romney with planning and administering the 2002 Winter Olympics.
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[19] [20] Romney had originally left Bain & Company in 1983 after being appointed to lead Bain Capital, [12] [c] an independent private equity firm that would buy companies that Bain & Company partners would improve and re-sell [12] and whose funds these partners invested in. [12] Romney allowed managers to know each other's salaries, [19] re ...