To: moehoward
Not a bogus story just the wrong subsidiary.No, that is not what CNBC's correction says at all.
They say Bain Consulting has no connection to Romney's former firm Bain & Co. Not a subsidiary at all, no connection period.
To: Longbow1969
I think you are right.
Bain & Company certainly are related to Bain Capital. I was interviewed for a position there after college and part of their sales pitch was their relationship with Bain Capital.
Never even heard of an outfit called Bain Consulting.
6 posted on
01/13/2012 8:31:16 AM PST by
Eurotwit
To: Longbow1969
"
Bain & Co. said it has no connection to the "Bain Consulting" firm referenced in government documents."
I guess we'll soon see. It sure is one hell of a coincidence.
Google Bain Consulting.....
7 posted on
01/13/2012 8:32:52 AM PST by
moehoward
To: Longbow1969
No, that is not what CNBC's correction says at all. They say Bain Consulting has no connection to Romney's former firm Bain & Co. Not a subsidiary at all, no connection period. The "correction" appears to be misleading.
There is a "Bain & Company", a "Bain Capital" and a "Bain Consulting Group". Mitt Romney has work for all three.
The son of George Romney, who was a former CEO of American Motors and governor of Michigan, Mitt received a joint J.D./M.B.A. from Harvard in 1975, and began his career at BCG, one of the worlds top-three management consultancies. He jumped two years later to Bain & Company, another of the top firms (the third is McKinsey), and worked there turning around struggling businesses until 1984, when he co-founded Bain Capital, the firms private- equity spin-off. When Bain ran into trouble in 1990, it asked Romney to become the CEO and restore the firm to financial healthwhich he did in 1991 and 1992. After six more years at Bain Capital, and by then a very rich man, he left for a career in public service, running the 2002 Winter Olympics in Salt Lake City, and becoming governor of Massachusetts.
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