So just how big a drag is Mitt Romney’s history in private equity? Not much, if you believe the latest NBC News Wall Street Journal Poll, which involved interviews from Sept. 12 to 16 with 900 registered voters. Voters ranked...
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Photograph by Nicholas Kamm/AFP/Getty Images
Mitt Romney at a town hall meeting in Grand Junction, Colorado.
Romney Transcends Private Equity… Until He Doesn’t
The Boca Raton Home Private Equity Built: Romney’s May 17 Fundraiser
The property taxes alone on the home where Mitt Romney addressed supporters about the 47 percent of Americans who pay no taxes run more than $68,000 a year. The $3 million home of private equity executive Marc Leder west of...
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Photograph by Alex Wong/Getty Images
Former employee at companies controlled by Bain Capital, David Foster speaks during day two of the DNC.
Former Employee: Bain Fired 750 Steelworkers, Pocketed $12m Profit
Bain Capital LLC fired 750 steelworkers while they pocketed $12 million in profit, according to David Foster, a steel worker who led other workers in the midwest, including at GST Steel in Kansas City, a 100-year old company bought by...
Read more »Bain Meets Bane
Protests outside office buildings featuring oversized characters are not startling to midtown Manhattan workers on lunch break, but few combine the GOP presidential nominee and a summer blockbuster villain. United NY, an organization that advocates for higher wages and has...
Read more »Bloomin’ Onion! That’s Mitt’s, Too
While the political season has zeroed in on a small handful of companies Bain controlled during Mitt Romney’s tenure, the impact of the $65 billion private-equity firm is felt far and wide. Take Tampa. Now that Isaac has cleared out,...
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Photograph by Eric Thayer/The New York Times via Redux
Mitt Romney at a campaign rally in Waukesha, Wis., on Aug. 12, 2012.
What Romney Stands For: MSNBC
Who is Mitt Romney and what does he stand for? This is what MSNBC addresses, and answers well, with an hour-long documentary about the Republican Party’s presumptive presidential nominee airing near the eve of the party’s nominating convention in Tampa....
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Photograph by Landov
An abandoned building from the bankrupt GST Steel Company in Kansas City, Missouri.
Romney Doesn’t Care: Obama-Backing super-PAC’s Ad Appeal
The super-PAC backing President Barack Obama’s re-election campaign has focused attacks on the impact that Republican Mitt Romney’s work in private equity had on some of the businesses it took over. While Romney speaks of an overall gain in employment...
Read more »Romney Persona Non Grata in Italy: Bain’s Old Telephone Directory Deal
If Mitt Romney’s tour of Europe skipped Italy, there was good reason. Bain Capital, when Romney was chief executive, made about $1 billion in a leveraged buyout there. The deal done 12 years ago remains controversial in Italy to this...
Read more »John Roberts’ Role in KKR’s Profits
Does private-equity giant KKR have Chief Justice John Roberts to thank for a stellar quarter? Yes and no. The storied buyout firm, run by cousins Henry Kravis and George Roberts, today posted second-quarter profits of $520 million, more than double...
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Photograph by Gretchen Ertl/The New York Times via Redux
Rep. Barney Frank, center, walks down the aisle with his husband, Jim Ready, during their wedding ceremony in Newton, Mass., on July 7, 2012.
Same-Sex Marriage & Private Equity
Democrats such as Barney Frank, the retiring congressman from Massachusetts who recently celebrated his wedding with Jim Ready, aren’t the only ones promoting gay marriage as a political cause. The campaign for ballot measures in Maine, Maryland, Minnesota and Washington...
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