◼ Tell me about Bain Capital and your perceptions of Mitt Romney’s role there.... - Charlie Rose/Bloomberg Businessweek
Private equity firms and their investors can’t make money unless the businesses they are investing in get better. There’s no way to exit or sell them to someone else at a higher value unless you’ve created something that’s sustainable. And that somehow is lost in the debate … [the notion that] all private equity is involved in asset-stripping, and they’re just sort of vultures or vampires leaving carcasses behind—there’s nothing further from reality. read the rest...
