So, did businessman Romney really create jobs…or destroy them for profit?

 

Mother Jones has obtained a video from 1985 in which Romney, describing Bain’s formation, showed how he viewed the firm’s mission. He explained that its goal was to identify potential and hidden value in companies, buy significant stakes in these businesses, and then “harvest them at a significant profit” within five to eight years.

The video was included in a CD-ROM created in 1998 to mark the 25th anniversary of Bain & Company, the consulting firm that gave birth to Bain Capital. Here is the full clip, as it appeared on that CD-ROM (the editing occurred within the original).

 

Read David Corn‘s story about this video: http://bit.ly/VKJL6L

 

About btchakir

Retired Theatre Producer, Graphic Designer, Usability Tester and General Troubleshooter with a keen interest in Politics and The Stage. Currently heard on WSHC, 89.7 FM (on line at www.897wshc.org) and occasionally dabbling in Community Theatre.

Posted on September 27, 2012, in Announcement, Business, campaign, Corporations, dumb candidates, election, ethics, government, Internet, News, Opinion, Politics, Press, quote, Video, vote, Word from Bill and tagged , . Bookmark the permalink. Comments Off on So, did businessman Romney really create jobs…or destroy them for profit?.

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