In 1984, Mitt Romney left management consulting firm Bain & Company to co-found the spinoff private-equity investment firm, Bain Capital. For the next 15 years, Romney presided over Bain Capital's operations, which shifted focus over time from venture capitalism to leveraged buyouts. Mitt Romney profited $20K for every American laid off via Bain Capital.
Mitt Romney Profited $20K For Every American Laid Off Via Bain Capital
Make no mistake about it -- Bain Capital's purpose was to make money for its investors, and it did so hand over fist. From its 1986 success investing in what was then a small office supply store called Staples (Romney fondly recalls stocking store shelves himself) until Romney left in 1999, Bain made billions. Along the way, it purchased at least five companies that subsequently ended up in bankruptcy even as Bain walked away with eye-popping profits:
• American Pad & Paper: B...