Bain Capital and Bain Co. have many success stories. To center in on one that did not while ignoring those that did is not right. And all the while, he was responsible to the shareholders of Bain Co. (which he saved from bankruptcy) and then Bain Capital. And of course they made money off of the deal. That was their objective. But perhaps you would have preferred it if Mead had simply closed them down in 1994 or 1995.
btw, it was because of Bain acquisition of Staples that Ampad continued to prosper for as long as it did. But even then, Staples figured out they could get better product from Asia for less money. By 2000, there was nothing that could have saved Ampad. That's why they were liquidated. Care to guess who was the major shareholder at the time (i.e. who took the biggest loss)?
“Romney was not at Bain Capital when they purchased Ampad. He was at Bain Co. and did not return to Bain Capital until December of that year. They were able to keep Ampad running for another 8 years.”
He wasn’t there when they made the purchase. Just when they ran it into the ground. I’m with you.