When Romney Took Over Bain Capital... (salary, patriot, president, Obama)

[sickofnyc]

He Did So With The Assurance That If He Failed The Parent Co. Would Lie About It, And Say It Needed Him Back

Bain & Company established a subsidiary called Bain Capital that was seeded with millions of dollars.

But, Romney was afraid, (yes, afraid!) he might fail, so he got Bain & Company to agree in advance to take him back if he failed, and with all the salary increases he might have received had he remained at the parent company.

That is, Romney took no risks, he could not lose, and he would not take the job unless Bain agreed to his terms.

When Romney says he knows how the system works, I guess he means TARP, bailing out his buddies just as he was guaranteed a bail out.

But, that is not all. Romney was concerned that, if he failed, it would damage his reputation. (One is tempted to ask, "what reputation?", but that is another story). So, Bain agreed that if Romney failed at Bain Capital, it would announce that Romney was returning to the parent because the parent company "needed him."

This is the man who wrote "Let Detroit Go Bankrupt."


When Romney Took Over Bain Capital , He Did So With The Assurance That If He Failed The Parent Co. Would Lie About It, And Say It Needed Him Back - The NewsTalkers

Romney looks out for Romney. That's it! He only wants to become POTUS for his own selfish reasons to accomplish what his daddy could not. His touting about what a great businessman and job creator he is, is nothing but bunk.

[fitz99clem]

That is complete garbage with how you spin it. Its one thing to support Obama, but dont go about spinning lies to tear down his opponent. If there's one thing people should have learned the last decade (both Bush & Obama) is that candidates should be vetted through an honest process.

PE is a high risk, high reward business. Romney's negotiations to head up Bain Capital should tell us about his personality and leadership skills. It would not be unprecedented for Bain Capital to have failed. In fact, the odds highly supported that it would fail to come up with the private backing to be successful in raising enough funds to meet its objectives. The Washington Post a few months back did a much more extensive and honest background on Mitt's selection to head up Bain Capital. It went into how his risk averse nature and meticulous planning led to negotiations that would bring him back at his old position should the venture not work out.

[walidm]

In January, the Wall Street Journal did its best to piece together Romney's track record, reviewing 77 investments made under his direction. It turned out that nearly one in three of the companies experienced severe financial trouble. One in five wound up in bankruptcy.

The more telling figure: Of Romney's ten biggest moneymakers, he ultimately destroyed four of them, leaving bankruptcy judges to clean up.

Sources - WSJ UnderNews

Romney is unimpressive.

[sickofnyc]

Originally Posted by fitz99clem

That is complete garbage with how you spin it. Its one thing to support Obama, but dont go about spinning lies to tear down his opponent. If there's one thing people should have learned the last decade (both Bush & Obama) is that candidates should be vetted through an honest process.

PE is a high risk, high reward business. Romney's negotiations to head up Bain Capital should tell us about his personality and leadership skills. It would not be unprecedented for Bain Capital to have failed. In fact, the odds highly supported that it would fail to come up with the private backing to be successful in raising enough funds to meet its objectives. The Washington Post a few months back did a much more extensive and honest background on Mitt's selection to head up Bain Capital. It went into how his risk averse nature and meticulous planning led to negotiations that would bring him back at his old position should the venture not work out.

Romney's "skills" tell the story of a vulture. Romney's offshore bank accounts do not tell the story of an American patriot.

[dixiegirl7]

Originally Posted by sickofnyc

He Did So With The Assurance That If He Failed The Parent Co. Would Lie About It, And Say It Needed Him Back

Bain & Company established a subsidiary called Bain Capital that was seeded with millions of dollars.

But, Romney was afraid, (yes, afraid!) he might fail, so he got Bain & Company to agree in advance to take him back if he failed, and with all the salary increases he might have received had he remained at the parent company.

That is, Romney took no risks, he could not lose, and he would not take the job unless Bain agreed to his terms.

When Romney says he knows how the system works, I guess he means TARP, bailing out his buddies just as he was guaranteed a bail out.

But, that is not all. Romney was concerned that, if he failed, it would damage his reputation. (One is tempted to ask, "what reputation?", but that is another story). So, Bain agreed that if Romney failed at Bain Capital, it would announce that Romney was returning to the parent because the parent company "needed him."

This is the man who wrote "Let Detroit Go Bankrupt."


When Romney Took Over Bain Capital , He Did So With The Assurance That If He Failed The Parent Co. Would Lie About It, And Say It Needed Him Back - The NewsTalkers

Romney looks out for Romney. That's it! He only wants to become POTUS for his own selfish reasons to accomplish what his daddy could not. His touting about what a great businessman and job creator he is, is nothing but bunk.

This takes the cake for the most ignorant thing you have ever posted. It's obvious you have never worked in corporate America a day in your life or you would know how silly this is. Your contention that Mitt Romney only wants to be president ot accomplish what is father couldn't is also ridiculous.