HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » 2016 Postmortem (Forum) » grantcart hits it out of ...

Tue Jan 31, 2012, 05:05 AM

grantcart hits it out of park. Romney is coward - Yep, even at Bain.

Last edited Tue Jan 31, 2012, 02:37 PM - Edit history (7)

I''m adding Mitt's business years, to grancart's superb OP
http://www.democraticunderground.com/12516906

Vanity Fair : The Dark Side of Mitt Romney
http://www.vanityfair.com/politics/2012/02/mitt-romney-201202

(Romney) was plainly a star, and Bain treated him as a kind of prince regent at the firm, a favored son. Just the man for the big move he now had in mind. ... Bain’s epiphany was that he would create a new enterprise that would invest in companies and share in their growth, rather than just advise them. ...

Starting almost immediately, Bain proposed, Romney would become the head of a new company to be called Bain Capital. ... It sounded exciting, daring, new. It would be Romney’s first chance to run his own firm and, potentially, to make a killing. It was an offer few young men in a hurry could refuse.

Yet Romney stunned his boss by doing just that. (Romney) explained to Bain that he didn’t want to risk his position, earnings, and reputation on an experiment. He found the offer appealing but didn’t want to make the decision in a “light or flippant manner.” So Bain sweetened the pot. He guaranteed that if the experiment failed Romney would get his old job and salary back, plus any raises he would have earned during his absence. Still, Romney worried about the impact on his reputation if he proved unable to do the job. Again the pot was sweetened. Bain promised that, if necessary, he would craft a cover story saying that Romney’s return to Bain & Company was needed due to his value as a consultant. “So,” Bain explained, “there was no professional or financial risk.” This time Romney said yes: ...

Romney was, by nature, deeply risk-averse in a business based on risk.
He worried about losing the money of his partners and his outside investors—not to mention his own savings. “He was troubled when we didn’t invest fast enough; he was troubled when we made an investment,” said Bain partner Coleman Andrews. ... “I always wondered about Mitt, whether he was concerned about the blemishes from a business perspective or from a personal and political perspective,” one partner said years later. The partner concluded that it was the latter. Whereas most entrepreneurs accepted failure as an inherent part of the game, the partner said, Romney worried that a single flop would bring disgrace. Every calculation had to be made with care.
.

My Dad was a doctor who ran a hospital. I studied law and economics, but always, there was a suspicion. I would never be the man my father was. I headed for an investment bank in the City of London, and worked there for three years. My biggest failure was, in the end, I could not stand the ugliness of a thrashing pool of Piranha fish. I resigned. The bottom line was integrity. Yes, it's hot in the kitchen, but if they're serving poison, walk out.

IMO, Mitt Romney, you failed, you fail, and you are failing again, You are still trying to win your Dad's Presidential bid. Stand for something or stand in a shadow. But you can't, you made your choices years ago. Any way you look at it you lose.

4 replies, 1321 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 4 replies Author Time Post
Reply grantcart hits it out of park. Romney is coward - Yep, even at Bain. (Original post)
denem Jan 2012 OP
southernyankeebelle Jan 2012 #1
denem Jan 2012 #2
southernyankeebelle Jan 2012 #3
riverwalker Jan 2012 #4

Response to denem (Original post)

Tue Jan 31, 2012, 07:25 AM

1. How sad it is to try to keep running after your daddy's approval. Maybe if he could have just been

 

himself he might have made a better person.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to southernyankeebelle (Reply #1)

Tue Jan 31, 2012, 08:19 AM

2. If love is conditional, you try to meet the conditions

Every mother, every father who gives their kids a real sense of self worth has a Lot to be proud of, AND
nobody can take that away, whatever misfortunes await.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to denem (Reply #2)

Tue Jan 31, 2012, 10:01 AM

3. I had a great dad. Even the kids in the neighborhood would come over and ask if he could

 

come out and play. There was this big field across the street where we lived. My little sister and her girlfriends would ask him to come play. He'd take them across the street and before you know it we had kids enough for 2 teams, all ages and mixed boys and girls. Boy the fun we would have.
The neighborhood kids loved him and we did also. But he died at the age of 49 leaving 2 small children and 4 older ones. At his funeral the little girls team of my sister came to the funeral home to pay their respects. I am sad because my little sister was 11 and my little brother was only 4. They really never had a chance to know him like us older children. I find that having both parents in your life is so important. I know my father's death really effected my little brother while he was growing up. He also seem to have a hard time facing things. But my youngest brother died at the age of 39 of lung cancer. He never smoked. I miss him a lot. But life goes on. We all carry burdens growing up. I have always been fat. I always blamed my parents. Then I realized at a certain age you have to take responsibilities for your own actions and stop blaming your parents. I did do that. But I am still fat,LOL.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to denem (Original post)

Tue Jan 31, 2012, 10:06 AM

4. Walter Mitty, with money

should start calling him Walter Mitty Romney.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread