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[4] [5] However, on January 20, 2025, Vivek Ramaswamy announced he would not be joining the Department of Government Efficiency. [ 6 ] Trump's cabinet choices were described by Business Insider and Reuters as valuing personal loyalty over relevant experience, [ 7 ] [ 8 ] and for having a range of conflicting ideologies and "eclectic personalities".
The firm's first significant success was a 1986 investment to help start Staples Inc., after founder Thomas G. Stemberg convinced Romney of the market size for office supplies and Romney convinced others; Bain Capital eventually reaped a nearly sevenfold return on its investment, and Romney sat on Staples's board of directors for over a decade.
Staples Canada ULC, operating as Staples (Bureau en Gros in Quebec), [1] is a Canadian retail sales company owned by Sycamore Partners. [2] Staples was founded by Leo Kahn [3] and Thomas G. Stemberg. [4] Since 2017, Staples Canada has operated independently from Staples' U.S. retail and U.S. business-to-business (B2B) operations. [5]
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