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Mitt Romney: What I Learned at Bain Capital
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Mitt Romney describes his experiences with different companies he worked with at Bain Capital and how he would use that experience in his job as President. One approach he emphasizes is proactive problem solving and tackling problems early.
2012 U.S. presidential candidate Mitt Romney, job cuts by private equity, and job creation
07/25/2011
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Wall Street Journal 07/25/2011
Debate on Economics Turns to Character
Wall Street Journal 11/10/2011
After Mitt Romney Deal, Company Showed Profits and Then Layoffs
New York Times 11/12/2011
New York Times 11/12/2011
New York Times 12/08/2011
Play of the Week: The Business of America Is....;Job Cuts?
Wall Street Journal 12/24/2011
2012 U.S. presidential candidate Mitt Romney's image with voters
10/23/2011
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“Takers” just as likely to vote Republican as “makers,” data show - The Washington Post
Washington Post 07/16/2014
Mitt Romney reaches out but often lacks common touch - The Washington Post
Washington Post 10/23/2011
Debate on Economics Turns to Character
Wall Street Journal 11/10/2011
Republican Leaders Still Seem Torn About Mitt Romney
New York Times 12/01/2011
Mitt vs. Newt - The Washington Post
Washington Post 12/03/2011
New York Times 12/08/2011
The Auto Industry Bailout and Mitt Romney
01/06/2008
Mitt Romney opposed the auto industry bailout. An article by Romney with the title "Let Detroit Go Bankrupt," appeared in the New York Times at the time of the bailout. Auto executive Bob Lutz says he was profoundly disappointed by Romeny's position, as the situation was at a point where government loans were necessary. Auto executives see the vindication of their position in the recovery of Chrysler, GM and Ford Motor. In a bit of irony Romney, who is from Michigan, announced his candidacy for the 2008 presidential election at the Ford Museum in Dearborn. GM and Chrysler went into bankruptcy, but this was a planned bankruptcy, with the support of the U.S. government and a pathway set with loans and conditions so that would lead to eventual recovery. The fear was that a chaotic bankruptcy process would permanently impair the American auto manufacturing industry- and the planned bankruptcy with government conditions and loans was meant to avert this and still allow shedding or restructuring of burdensome obligations- as this way buyers would still have confidence to buy automobiles from GM and Chrysler. Auto executives point out that the private markets had already shut out GM and Chrysler from financing. Retired GE executive supported a planned bankruptcy with government help, because of the importance of the auto industry to the U.S. economy, in the Nov. 18, 2008 issue of Business Week.
Grouped Articles
Cost of Bailouts Continues to Decline
Wall Street Journal 05/10/2013
New York Times 12/27/2011
U.S. Remaining Stake in General Motors
Wall Street Journal 12/10/2013
U.S. Car-Making Boom? Not for Auto-Industry Workers
Wall Street Journal 03/24/2015
Bailout Stand Trails Romney in Car Country
New York Times 02/19/2012
Dow Chemical's CEO on How to Revive Manufacturing
Wall Street Journal 02/23/2012
Insights into Romney's leadership abilities
08/20/2012
Grouped Articles
Mitt Romney, as a leader in Mormon church, became a master of many keys - The Washington Post
Washington Post 08/20/2012
Mitt Romney: What I Learned at Bain Capital
Wall Street Journal 08/24/2012
Mitt Romney’s road to Tampa - The Washington Post
Washington Post 08/26/2012
Wall Street Journal 08/30/2012
Wall Street Journal 08/30/2012
Voters Give Mitt Romney Better Leadership Grades, Polls Find
New York Times 10/11/2012
Krugman on Romney, why America is not a corporation, and why what works for companies does not work for countries
01/12/2012
Krugman points out that a country is not like a corporation where cutting costs goes straight to the bottom line.
Grouped Articles
New York Times 01/12/2012
New York Times 01/12/2012
Mitt Romney’s Al Gore problem - The Washington Post
Washington Post 01/14/2012
When Romney ran Bain Capital, his word was not his bond - The Washington Post
Washington Post 01/15/2012
Romney Unveils Own Income-Tax Rate: 15%
Wall Street Journal 01/18/2012
Romney's Businessman Pitch Won't Work
Wall Street Journal 02/08/2012
Mitt Romney and the private equity/consulting practices of Bain Capital at medical equipment company, Dade Behring
11/12/2011
Bain Capital originanted the the merging of management consulting with private equity, for consulting firms to take equity ownership in companies seeking a turnaround. The practice of loading the company with debt, and taking out capital for the investors through a sequence of policy actions, even if this led the company to bankruptcy, became the hallmark of this kind of investing. In most cases this led to large layoffs, was adverse to building human talent in the company, as it was designed solely around generating large and early payoffs for investors. Goldman Sachs was the private equity partner for Bain Capital in the Dade company investment.
Grouped Articles
After Mitt Romney Deal, Company Showed Profits and Then Layoffs
New York Times 11/12/2011
New York Times 11/12/2011
New York Times 12/08/2011
Play of the Week: The Business of America Is....;Job Cuts?
Wall Street Journal 12/24/2011
New York Times 01/02/2012
Wall Street Journal 01/04/2012
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