Political Capital

Private Equity

Former employee at companies controlled by Bain Capital, David Foster speaks during day two of the DNC.

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...

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Mitt Romney at a campaign rally in Waukesha, Wis., on Aug. 12, 2012.

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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An abandoned building from the bankrupt GST Steel Company in Kansas City, Missouri.

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...

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Phone booths in Rome.

Photograph by Riccardo De Luca/Bloomberg

Phone booths in Rome.

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...

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Rep. Barney Frank, center, walks down the aisle with his husband, Jim Ready, during their wedding ceremony in Newton, Mass., on July 7, 2012.

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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Wilbur L. Ross Jr., chairman and chief executive officer of W. L.Ross & Co. LLC.

Photograph by Kiyoshi Ota/Bloomberg

Wilbur L. Ross Jr., chairman and chief executive officer of W. L.Ross & Co. LLC.

Ross: Private-Equity Rhetoric Hurts

If you ask private-equity executives whether the campaign rhetoric surrounding Mitt Romney’s buyout past is hurting business, most will wave you off. For billionaire investor Wilbur Ross, on the other hand, the effect has been real — and he’s ready...

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Protests outside a fundraiser for Mitt Romney on July 16, 2012 in Baton Rouge, La.

Photograph by Evan Vucci/AP Photo

Protests outside a fundraiser for Mitt Romney on July 16, 2012 in Baton Rouge, La.

Rick Perry, from `Vulture Capitalism’ to Tax Auditor — Pressing Romney

Payback is priceless. Texas Governor Rick Perry, who challenged Republican Mitt Romney for the party’s presidential nomination — and criticized Romney’s private-equity business as “vulture capitalism” – has joined a bipartisan chorus  ranging from the Obama campaign to a former...

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