It was at the height of the 1980s buyout boom when Mitt Romney went in search of $300 million to finance one of the most lucrative deals he would ever manage. The man who would help provide the money was none other than the famed junk-bond king Michael Milken. Therein lies one of the most revealing stories of Romney’s Bain Capital career, showing how he pivoted from being a relatively cautious investor to risking his reputation for a big payoff.
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