bain capital

Republican presidential candidate Mitt Romney sat for a hastily arranged flurry of TV interviews Friday, strongly denying he had any role in running Bain Capital at a time when, according to reports, the company invested in firms that outsourced jobs overseas.

He also called for an apology from President Obama for statements by his campaign that Romney said were beneath the dignity of the presidency.

Once upon a time — just a few weeks ago, in fact — the story of Bain Capital was a useful and easy one for Mitt Romney. His years running the private equity firm had taught him how jobs are created, a skill he would bring with him to the White House.

And what of the negative consequences from Bain's involvement in various companies? The layoffs? The plant closings? The outsourcing of jobs to China?

What's It Mean That Romney Was CEO, Anyway?

Jul 13, 2012

Mitt Romney faces new scrutiny over his time at the helm of Bain Capital, the private equity shop he ran from 1984 until — well, that's exactly the question.

The political fight of the moment is just when Romney stopped running Bain Capital, which specialized in buying troubled companies and turning them around.