As Bain slashed jobs, Romney stayed to side (Boston Globe)

[Eugene]

Source: Boston Globe

As Bain slashed jobs, Romney stayed to side

By Robert Gavin
Globe Staff / January 27, 2008

In early 1995, as the Ampad paper plant in Marion, Ind., neared
its shutdown following a bitter strike, Randy Johnson, a worker
and union official, scrawled a personal letter to Mitt Romney,
pouring out his disappointment that Romney, then chief
executive of the investment firm that controlled Ampad, had
not done enough to settle the strike and save some 200 jobs.

"We really thought you might help," Johnson said in the
handwritten note, "but instead we heard excuses that were
unacceptable from a man of your prominent position."

-snip-

Now, Romney's decision to stay on the sidelines as his firm,
Bain Capital, slashed jobs at the office supply manufacturer
stands in marked contrast to his recent pledges to beleaguered
auto workers in Michigan and textile workers in South Carolina
to "fight to save every job."

Throughout his 15-year career at Bain Capital, which bought,
sold, and merged dozens of companies, Romney had other
chances to fight to save jobs, but didn't. His ultimate
responsibility was to make money for Bain's investors, former
partners said.

-snip-

Read more: http://www.boston.com/news/nation/articles/2008/01/27/as_bain_slashed_jobs_romney_stayed_to_side

[lapfog_1]

1. If only Mittens had found his own "Julia Roberts"

and taken off his shoes and run his toes through the grass...

[crud76]

2. Bain Capital

just recently took over Clear Channel Communications. From the frying pan into the fire - all thanks to Bill Clinton and his Telecommunications Act of 1996.