Monday, December 5, 2011

A look at Mitt Romney's job-creation record at Bain Capital - latimes.com

A look at Mitt Romney's job-creation record at Bain Capital - latimes.com: Shortly after Mitt Romney resigned from Bain Capital in 1999 to run the Olympics in Salt Lake City, potential investors received a prospectus touting the extraordinary profits earned by the private equity firm that Romney controlled for 15 years.

During that time, Boston-based Bain acquired more than 115 companies, according to the prospectus. Bain's estimated annual returns were more than five times that of the Dow Jones Industrial Average in the same period.


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