Quote:
Originally Posted by raymor
Because of your choice of reading material. Bain has invested in more than 250 companies. Some did well, some didn't. Staples had ONE store when Bain invested in them. The money from Bain helped them grow to over 2,000 stores. Ampad is another example. Under Bain's ownership, the company quadrupled sales in four years, from $106.7 million in 1992 to $583.9 million in 1996, when the company was sold.
I don't really like Romney's personality, but under Bain's ownership, with Romney on the board of directors, Staples went from a dozen employees to hiring tens of thousands. Some other companies didn't do so well. Such is business. In total, Bain owned companies have made something like $10 billion or so and hired around half a million people.
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Having said all that, I want to add that
Romney reminds me of a car salesman, he has that "slickness" like Clinton which I don't like. That's the main thing I didn't liked about Clinton and I don't like it in Romney either. I have to give credit where credit us due, though, he does know business. That could be an advantage in a time where companies are struggling, having to lay people off.
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