Bain Capital in its annual letter to investors addressed questions that have come up over the past year related to founder Mitt Romney’s campaign for the presidency. Bain said that the firm has helped created hundreds of thousands of jobs, backing up some of Romney’s claims on the campaign trail. The private-equity firm also said that less than five percent of the companies in its portfolio have gone bankrupt. Romney has positioned himself as a candidate who can fix the US economy and create jobs.
BostonGlobe.comSubscriber Log-in
Contact us for help
-
Phone
617-929-2233
Daily 8 a.m.-7 p.m.
-
Chat
Daily 7 a.m.-7 p.m.
Comments
This is a partial story with lots of questions. With those 5% bankruptcies and takeovers, how many jobs were loss. Further how many jobs are counted that were created outside this country, and continuing to enable semi-slave labor. We need to see both sides of the balance sheet. Further at what point do you recognized that changed management and not Bain Capital produced some of these jobs. Bain Capital is in the leveraging business and provide at greater rates what our banking system should be capable of with proper scrutiny. The picture here is probably quite mixed particularly when a company is using someone else's money.
They take no public position on any candidate, but what they do behind closed doors they won't divulge. They are all in it together.
This comment has been removed.
The Bain letter will do very little to establish former Gov. Romney's credibility because too many people who go to the polls can not read. That is why this country only allows check marks on the ballot.