I can give you several gritty reasons why former Bain private equity czar Mitt Romney is not the person to become President of the U.S. in November.
First, is just one tale of a Bain deal under Romney. Bain invested just $30 million to take over a company. It then arranged for this company to pay Bain and its investors a special dividend of $180 million– or six times the amount of equity capital Bain invested to take control. This technique of forcing your prey to pay back your original investment or more, as in this case, is to ensure that the Private Equity Firm is assured of a profit. It is an exploitative way to strip the company of its spare cash and is indefensible corporate rape. It is one selfish and destructive way to play the Private Equity game. For the average holding period by a PE firm is somewhere between 3 and 5 years– in and out with little thought as to the long term performance of the company or the protection of its employees.
More at link.
What company was this?
self ping to Forbes link on Bain