Synthaholic
Diamond Member
- Jul 21, 2010
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- 64,765
Mother Jones for MVP!!!!
Romney in 1985: Bain's Goal to 'Harvest' Companies for Profit
Mitt Romney said that one of the goals of his private equity firm, Bain Capital, was to acquire companies and harvest them at a significant profit, according to a video from 1985 uncovered by Mother Jones magazine.
The video was part of a CD-ROM from 1998 that Bain used to celebrate the 25th anniversary of the firm.
Bain Capital is an investment partnership which was formed to invest in startup companies and ongoing companies, then to take an active hand in managing them and hopefully, five to eight years later, to harvest them at a significant profit, he says in the video.
[ame=http://www.youtube.com/watch?v=0EsxNYXW5i8]Mitt Romney on Bain's plan to buy and "harvest" companies - YouTube[/ame]
Romney in 1985: Bain's Goal to 'Harvest' Companies for Profit
Mitt Romney said that one of the goals of his private equity firm, Bain Capital, was to acquire companies and harvest them at a significant profit, according to a video from 1985 uncovered by Mother Jones magazine.
The video was part of a CD-ROM from 1998 that Bain used to celebrate the 25th anniversary of the firm.
Bain Capital is an investment partnership which was formed to invest in startup companies and ongoing companies, then to take an active hand in managing them and hopefully, five to eight years later, to harvest them at a significant profit, he says in the video.
[ame=http://www.youtube.com/watch?v=0EsxNYXW5i8]Mitt Romney on Bain's plan to buy and "harvest" companies - YouTube[/ame]