Quote:
Originally Posted by detbuch
His record at Bain was largely successful.
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While I would agree that calling out a single anecdote to pain a larger picture isn't exactly fair, I do think assessing what Romney might have really learned at Bain is fair in context of how he might apply it to Presidential leadership.
A large private equity firm like Bain isn't like a normal business. Certainly private equity serves a necessary purpose in the marketplace, but these organizations are known for pushing the envelope when it comes to secrecy, intentional organizational complexity and tax avoidance schemes.
Romney made a hell of a lot of money at Bain and by some reports continued to after he technically left the company. It's interesting that with the transparency which usually accompanies a Presidential nominee, we still understand very little about Romney's fortune.
That Romney is being so tight lipped on the subject does leave several questions lingering.
-spence